Neighborhood Stabilization Program 2

Neighborhood Stabilization Program 2

NSP2 Overview 

NSP2 logo.jpgThe Neighborhood Stabilization Program 2 (NSP2) Program Specialist, Jolene Saul, can be reached directly at 847.448-8166. 

The Neighborhood Stabilization Program 2 (NSP2) is funded under the American Recovery and Reinvestment Act of 2009 (ARRA). The Department of Housing and Urban Development (HUD) is managing this $1.93 billion program to help stabilize neighborhoods that have been hardest hit by the effects of foreclosed and abandoned properties.  The City of Evanston is receiving $18.15 million to accomplish the following:

  • Acquire and rehabilitate 100 housing units of foreclosed or abandoned housing for sale or rental by households at or below 120% of the area median income (currently $90,960 for a family of four)
  • Property types may include single-family homes, townhomes, small flats, multi-family buildings and condominiums, based on availability
  • Provide a minimum of eight hours of housing counseling for homebuyers
  • Provide soft second mortgages to home purchasers
  • Funds not used for the required 100 units of foreclosed/abandoned housing will be used for a new housing development, which will be re-scaled or phased based on funding (proposed new development was 98 units)

The target geography for NSP2 is Census tracts 8092 and 8102.  These tracts have the highest percentage of foreclosed and abandoned properties in the city. 

nsp2targetareas.jpg

LiveEvanston

LiveEvanston is the marketing campaign for NSP2 homes.  

Interested in purchasing a LiveEvanston home?  Please visit www.LiveEvanston.net to learn more and see our available properties.

Interested in renting?  Please download the pre-application to be placed on the waiting list.  When the pre-application is complete, mail to:

Dundee Management, LLC
666 Dundee Road, Suite 1102
Northbrook, IL 60062
224.927.5075

Bid Packages

Bid Package 9 is scheduled to be released on Friday March 8th. Please visit the subcontractor page for detailed information.

Details regariding previous bid packages can also be found on the subcontractor page.

Emerson Square, Phase One

Emerson Square is a two-phased new Urbanist, new construction residential development that implements part of the West Evanston Master Plan. The first phase will result in 32 units of mixed-income rental housing. Construction started in Fall 2012 and is expected to be complete by the end of 2013.

The presentation below gives an overview of the first phase of the project.

Emerson Square Public Meeting Presentation 10.11.11

If you are interested in living at Emerson Square, please call 847.475.5199.