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The vacant, foreclosed brick bungalow in the 1800 block of Greenleaf Street that Community Partners for Affordable Housing (CPAH) acquired several months ago has been rehabbed and re-marketed as affordable housing.
The house had been vacant for more than five years. CPAH reports that, at a community service day at which volunteers helped with cleanup and rehab, “neighbors congregated to see what was happening and literally broke into applause. One neighbor even cried.”
The three-bedroom, two-bath house, which received a complete rehab, sports a new kitchen, a lovely yard, and a one-car garage, for a selling price of $175,000. It soon will be home to a local household.
The acquisition and rehab of this home were funded by a grant from the Illinois Attorney General’s office as part of the national foreclosure settlement with the nation’s five largest bank servicers. The settlement was in response to allegations of fraudulent practices on the part of the banks while they were servicing loans of struggling homeowners.
In addition, CPAH received a grant from the Evanston Community Foundation to support the rehab of the house.