Advanced Search

Evanston RoundTable | Evanston, IL

home : city news : city news June 24, 2016

7/29/2013 2:18:00 PM
Interim Report on Evanston's NSP2 Program
Submitted by the City of Evanston


The City of Evanston has released a report put together by Northwestern University student William McLaughlin documenting the progress of the Neighborhood Stabilization Program 2 (NSP2).  NSP2 was the second installment of the Neighborhood Stabilization Program, which was created by Congress in 2008 with the Housing and Economic Recovery Act of 2008. NSP2, authorized by the American Recovery and Reinvestment Act of 2009, gave   funding to stabilize neighborhoods and arrest decline caused by abandoned or   foreclosed properties.

The City of Evanston is using the NSP2 grant to acquire and/or rehabilitate foreclosed properties, redevelop a vacant industrial site and land bank for future development.

The City also proposed directing certain funds to redevelop an abandoned industrial property into Emerson Square, a 32-unit mixed-income community at the heart of the West Evanston Master Plan. This project was intended to connect neighborhoods and draw investment to a historically underdeveloped neighborhood.

Out of 200 applicants, Evanston was one of 52 grantees whose proposal was approved, and it was given $18.15 million to work on these two projects. Four years since the proposal, the City has made significant progress towards meeting their goals: of the 100 properties selected for the program in south and west Evanston, 91 have been acquired, of which 23 have been sold and 27 rented. With the exception of three properties that will be land-banked, the balance of the properties are on the market, soon to be listed or under construction. In addition, construction at Emerson Square is anticipated to be complete by early fall, and some residents already have begun to move in.

Among the benefits of the completion of NSP2 demonstrated in the report are the creation and retention of jobs (41 jobs alone were created or retained in the second quarter of this year), a drop in crime and new construction projects in hardest hit neighborhoods. 

To read the report, click here>>>. To learn more about NSP2, visit www.cityofevanston.org/nsp2.







Article Comment Submission Form

The RoundTable welcomes your comments. We will try to post comments within a few hours, but there may be a longer delay at times. Comments containing mean-spirited, libelous or ad hominem attacks will not be posted.

Note: Your full name is required. Your telephone number and e-mail will not be posted. You may type your comments in the space below, or you may type them in a word document and cut and paste them in the space below.

Submit an Article Comment
First Name:
Required
Last Name:
Required
Telephone:
Required
Email:
Required
Comment:
Required
Passcode:
Required
Anti-SPAM Passcode Click here to see a new mix of characters.
This is an anti-SPAM device. It is not case sensitive.
   



Click to View Upcoming Events
<June>
SMTWTFS
      1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30    
Submit Event







HomeVideosCommunity PostsObituariesClassifiedsAdvertiseAbout UsContact UsRestaurantsHow To
Copyright 2008-15 - Evanston RoundTable LLC, Evanston, IL 60202, 847-864-7741, All Rights Reserved
Software © 1998-2016 1up! Software, All Rights Reserved


: