This program involves the obtaining
and renovation of deteriorated and abandoned
properties.
A few of this program benefits are:
Creates jobs Helps stop the
destruction of our neighborhoods,
Improve Chicago Communities and
stimulates growth Created assistance to homeless
and in danger of being homeless
Generates affordable housing for
Low-middle income individuals and families In an
effort to improve our communities,
create jobs and affordable
housing,
EAA has successfully recycled
properties which were destined to be destroyed.
We acquire properties that are burned
out, vandalized, abandoned properties that are in
need of vast amounts of work and thus are hard to
sell, and properties in danger of being demolished
through court orders.
These properties are acquired
through:
Foreclosures U.S. Department of
Housing and Urban Development (HUD) Bank Owned
or
Mortgage Holder Chicago Abandoned
Property Program (CAPP) Donation of distressed,
burned out or hard to sell
properties
These properties are then renovated
by EAA workers, dedicated Volunteers and/or local
Contractors. They are then offered to low-middle
income individuals and families and some are offered
to assist the homeless or those who are in danger of
becoming homeless.
We at European American Association
are especially proud of the fact that a few
properties were offered to the temporally homeless
that we had assisted.
Through EAA intervention and
assistance with food, housing, energy assistance,
and job placement made it possible for these, once
homeless individuals and families, to proudly
re-enter society and after a few years of very hard
work, and with the help of EAA, were actually able
to qualify for a mortgage.
Once homeless and living in their car
or under bridges, not knowing where their next meal
would come from, and now, they too have realized the
American Dream of owning their own home. EAA assists
our clients in understanding the process of buying
and owning a home.
Provide essential information and
resources to the client regarding the process of
obtaining a mortgage, lending institutions, property
taxes, homeowner's insurance and simple home
maintenance.
Work with our clients every step of
the way and keep in contact with them after purchase
and offer counseling on an as need basis.

|