Over the past decade, thanks in large part to the work of one nonprofit group, Chicago’s Woodlawn neighborhood has seen big increases in median household income and homeownership rates, according to a new report.
That report, released Thursday, credits the national nonprofit group Preservation of Affordable Housing with attracting more than $400 million in federal, state and city funding in that time.
Produced by researchers from Case Western Reserve University and the University of Illinois at Chicago, the report discusses the work Preservation of Affordable Housing has done since 2011 in helping stabilize the neighborhood’s housing stock in the wake of the Great Recession, which hit in 2008.
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