PROGRAM:   Locate, acquire, clear, assemble vacant blighted and underutilized property. Concentrated in Mt. Auburn, Evanston, and East End, but available citywide.

 

PROGRAM GOAL:   Spot slum and blight removal.

 

TYPICAL STRUCTURE:  Site preparation assistance to reduce total development costs.

 

REPAYMENT:   Property must be developed as specified.

 

BENEFITS:    Tax generating development on previously underutilized City parcels.

 

ELIGIBILITY:   Demonstrated development capacity

 

STRUCTURE:    Contractual purchase of property by developer.

 

ELIGIBLE/
INELIGIBLE USES:  Homeownership.

 

APPROVAL:    Contracts approved by City Council.

 

PROGRAM EXAMPLES: 222, 237-239, 313 McGregor.  Vacant parcels acquired through Sheriff Sales and the CLRP: 6 in Evanston, 11 in Mt.Auburn, 2 in East End, 4 in Westwood, 9 in CUF, 2 in Mt.Airy