MPC

By Tim Mack 
 
 
Tim Mack has been a member of Will County’s Community Development Division since 2007, specializing in grant financial management for CDBG, HOME, and LEAD. He assumed the program management role for the county's Neighborhood Stabilization Program (NSP) with its inception in 2008. He also has 10-plus years of personal experience in real estate investing.

 Members of the Regional Home Ownership Preservation Initiative sent a letter urging the Illinois delegation to the U.S. House of Representatives to vote against t H.R. 839, The HAMP Termination Act of 2011, which would cancel funding for the Home Affordable Modification Program (HAMP). In the letter, Housing Action Illinois, Metropolitan Planning Council, Neighborhood Housing Services of Chicago, South Suburban Mayors and Managers Association, and Woodstock Institute told representatives:
 

Through the Neighborhood Stabilization Program (NSP) and other stimulus programs, communities throughout the country have been able to launch or expand strategies that revitalize properties and neighborhoods vacated through foreclosures, while assisting households at risk of losing their homes.  These funds are limited compared to the size of the problem, and the programs have an uncertain future.  This means planning future revitalization activities will require broader thinking about neighborhood stabilization. Read more »

Owners of multifamily properties in the Northwest Cook County recently found a pleasant surprise in their mailboxes: Rather than a dreaded code enforcement notice, tax bill, or any other citation or invoice, they received an unprecedented invitation to discuss the long-term sustainability of their properties with municipal leaders on Nov. 17. 
 

Today, the South Suburban Mayors and Managers Association (SSMMA) was awarded a $2.4 million Sustainable Communities Challenge Grant from the U.S. Dept. of Housing and Urban Development (HUD) to strengthen the Southland through a redevelopment strategy that builds off existing and planned rail assets and related housing and economic development opportunities.
 

With many Neighborhood Stabilization Program projects under way and poised to return many foreclosed homes to the market, the task for municipalities is now to connect buyers to these homes.

Featuring
Ill. Treasurer Alexi Giannoulias, Democratic nominee for U.S. Senate
U.S. Rep. Mark Kirk, Republican nominee for U.S. Senate
 
The candidates will present, in a non-debate format, their perspectives on the federal government’s role in addressing issues critical to businesses and residents in the Chicago region by planning for and investing in the region’s economic and environmental future.
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The Information Management Network looks forward to the riveting review of how the economic stimulus plan has taken effect in Illinois at the 9th Annual Illinois Public Finance Conference. Join public finance officials from across the state to discuss the opportunities and challenges of managing Illinois' financial progress. Bond issuers, investors and insurers as well as legislators and administrators will address the economic goals of counties, cities and the state as a whole. Read more »

In the San Francisco Bay Area, the Great Communities Collaborative’s ambitious goal is to ensure “half of the Bay Area’s new homes, between now and 2030, [are] located in walkable neighborhoods near transit.” To achieve this, regional nonprofit and philanthropic organizations work closely with government entities charged with housing and transportation planning and investment to target funding and technical capacity to local transit-oriented development.
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An in-depth look at the innovative regional planning and cooperation going on to revitalize neighborhoods hard hit by foreclosure in South and West Cook County can be found in the Fall/Winter edition of Shelterforce, the National Housing Institute’s journal of affordable housing and community building.