Program Aims to Revitalize Neighborhoods
(Chicago Tribune) — At first blush, there aren’t many similarities between Chicago’s historic Pullman neighborhood and Grove Parc Plaza, a federally subsidized housing project six miles north in the Woodlawn neighborhood. One was built more than 120 years ago to house factory workers; the other more than 40 years ago to assist low-income families. Both are now test cases of whether federal Neighborhood Stabilization Program dollars and other monetary incentives can entice homebuyers to open their wallets and reinvigorate communities whose storied days have long passed. And for both, the experiments require a long-range outlook at a time when private financing is tight and a pioneering spirit is in short supply.
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