he Endeleo Institute, consistent with its mission to strengthening existing assets in the Washington Heights community, is embarking on a housing improvement initiative as part of an exciting new partnership with the Cook County Land Bank (CCLB). We shared last year that Washington Heights was among a select group of communities identified by CCLB showing great promise as a target area for investment, especially for single family and two-flat homes like the one in the photo, which just happens to be Endeleo’s first acquisition in progress. Yes!
Last year a property in the 101st block in Washington Heights that languished in foreclosure for six years was recently restored by an inspiring husband and wife rehab team and today, the fully restored property is on the market for more than $150,000 at last report. Affordable homeownership and jobs are the keys to strengthening a community and last year, Pastor Moss wrote in a Chicago Tribune commentary how we must work at increasing home ownership in marginalized communities as key to replacing the missing bricks in the broken walls of our community and Chicago.
Through our housing initiative, we plan to engage our community to generate employment opportunities, especially for our at-risk youth to maintain these homes until they are rehabilitated and sold. It’s part of an innovative Two-Generation strategy for young people (mainly ages 18-24) who may be parents themselves and need work to support family. (The unemployment rate for this age group is above 22% here.)
In the coming months you will hear more about how to get involved in the healing of our community on the path to revitalizing the 95th Street Corridor. Meantime, stay close to home.
Interested? Give us a call at 773-966-1588