Phase III

The Next twenty four months will forcus on the above initiatives as well as on combating unoccupied and deteriorating or dilapidated housing in Zip Code 60612 (one building renovation at a time) and restore local Federal Empowerment Zone Business venues that are truly needed by the residents (one project at a time). These prospective properties that are owned by the City of Chicago would be aquired through negotiations with the Commissioner of Planning & Development/Busienss & Consumer Services. The 2010 Empowerment Zone Business opportunities give residents of Zip Code 60612 improved access to goods and services; and small for-profit businesses in general, and monority-owned ones in particular, are eligible for discretionary grants and guaranteed SBA 7a loans. The terms of the grants or loans will include continued affordability agreements.