Public Notice
K.L.E.O.
A Non-Profit Community Development Corporation
Operating in the Washington Park Neighborhood of Chicago
Partnering with McCormack Baron Salazar
A For-Profit Development Company
Will apply by June 17th, 2009 for the
Neighborhood Stabilization Program 2
Under the American Recovery and Reinvestment Act, 2009
The purpose of the NSP2 program is to stabilize neighborhoods whose viability has been and continues to be damaged by the economic effects of properties that have been foreclosed upon and abandoned
Before submitting the NSP2 application, the K.L.E.O. is required to provide information on the amount of funds, the uses of funds, and in which target geography, it plans to address its NSP2 program to the public for review and comment for a period of 10 days.
K.L.E.O. is proposing to use the requested $50 million in NSP2 funds for acquisition, rehabilitation, demolition, and new construction of housing in census tracts 370400, 400100, 400200, 400300, 400400, 400500, 680100, 400600, 400700, 400800, 420600, 690200 and 690100, roughly the area bounded by Martin Luther King Blvd, the Dan Ryan Expressway, 51st Street and 67th Street in the Washington Park Neighborhood (20th Ward) and in a portion of the 3rd Ward.
click to enlarge
Click here to view Program Summary
Click here to view Executive Summary
Please click here to view a map of the targeted geography.
Comments may be sent to:
Cady Scott
McCormack Baron Salazar
1415 Olive Blvd #310
Saint Louis, MO 63103
Fax: 314-335-2933
For additional information, please contact
Torrey Barrett
Executive Director
K.L.E.O.
708-878-2423