Alex Morales: "I came to Chicago to find a forum where I could make a difference." (Photo by Luz Garcia Cubillos)
The housing stock around Chicago’s Pilsen community is about to receive a $13.5 million boost.
Beginning this month, The Resurrection Project will put these funds, from the City’s Neighborhood Stabilization Program into action.
Earlier in the year, suburban Melrose Park received a $4.5 million award through the NSP with the purpose of, “purchasing foreclosed homes and make them affordable,” according to Alex Morales, the Resource Development Project Manager for The Resurrection Project.
The larger allotment to the New City community area (which includes the Back of the Yards neighborhood that borders Pilsen) and subsequent rehabilitation will benefit those individuals and families earning 50 percent, or less of the Area Median Income.
The Resurrection Project has been involved in the affordable housing business for more than a decade and Morales said that they have earned the trust of Pilsen residents through their good works.
“We have turned $30,000 (their initial funding grant) into $100 million in community reinvestment,” he said.
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