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The Greater Southwest Development Corporation (GSDC), Neighborhoods on Chicago’s southwest side are clearly threatened by sub-prime and predatory lending practices and loan products. Practices and products that have resulted in the nationwide housing crisis that we now face. By advocating and organizing for foreclosure prevention and housing stabilization in our neighborhoods, we hope to address economic and human capital drain. Our aim is to stabilize the housing market neighbor by neighbor, block by block, through relational outreach, organizing, and advocacy. GSDC, SWOP and the Chicago Lawn office of NHS are committed to developing a comprehensive array of strategies to address this sub-prime mortgage dilemma. We have received generous support from the MacArthur Foundation, Bank of America, Marquette Bank, the Mander Foundation, the Local Initiatives Support Corporation/New Communities Program, the City of Chicago, the United States Dept. of Housing & Urban Development, Illinois Housing Development Authority, and Illinois House Speaker, Michael Madigan. |