The Renew Woodlawn Homeownership Program provides incentives to purchase a home in the target area bounded by 60th St. on the north, 67th St. on the south, King Drive on the west and Stony Island Ave. on the east in Woodlawn. The program Woodlawn funded by the U.S. Department of Housing and Urban Development, the National Foreclosure Settlement Awards and the City of Chicago.
Three Chicago nonprofits that specialize in affordable housing have partnered with the Department of Planning and Development (CDPD) on the program : Preservation of Affordable Housing (POAH); Neighborhood Housing Services of Chicago Inc. (NHS): and the Community Investment Corporation (CIC).
Prospective homebuyers can get incentives to purchase and rehabilitate homes -- including grants for down payments and other assistance. more info
Read about the Chicago Revitalization