{"id":812,"date":"2013-01-10T18:28:17","date_gmt":"2013-01-10T18:28:17","guid":{"rendered":"https:\/\/ecbiz132.inmotionhosting.com\/~resurr9\/?p=812"},"modified":"2020-01-07T19:00:12","modified_gmt":"2020-01-07T19:00:12","slug":"trp-and-us-bank-trolley-tour-unveils-new-homes-to-200-potential-homeowners","status":"publish","type":"post","link":"https:\/\/resurrectionproject.org\/es\/trp-and-us-bank-trolley-tour-unveils-new-homes-to-200-potential-homeowners\/","title":{"rendered":"TRP and US Bank trolley tour unveils new homes to 200 potential homeowners"},"content":{"rendered":"<p><em>by Maria Fereira<\/em><br \/>\n<em> Published: September 6, 2012<\/em><br \/>\nOn Sunday, July 29, 2012, TRP and US Bank partnered to host a free trolley tour in the Back of the Yards neighborhood to give local residents a look at TRP\u2019s stock of quality affordable homes now available. The trolley tour was generously underwritten by US Bank. The trolleys stopped by various houses, where community members were then given a tour and a presentation by a TRP financial counselor.<br \/>\nTRP recently used $13.5 million in Neighborhood Stabilization Program 2 (NSP2) funds to acquire 81 units in Back of the Yards. TRP is now renovating these into affordable housing. Some will become rental units, and others will be sold at below-market values.<br \/>\nThe trolley tour was designed to show these properties to community members and potential homeowners.<!--more--><br \/>\n\u201cThe trolleys drove past our rentals that are going to be renovated soon so people can see what they look like before we fix them up,\u201d said Denise Reyes, a financial counselor for TRP. \u201cWe then took them to see what the finished product looks like. We did a house on Loomis and a house on Damen, and they got a chance to actually walk into these houses.\u201d<br \/>\nThe tour illustrated the work TRP has put into many of these houses and the value they have for interested homebuyers.<br \/>\n\u201cWe buy these properties when they\u2019re in foreclosure,\u201d explained Reyes. \u201cWe use government funds and put almost $300,000 into some of these houses. We\u2019re selling them at about $120,000, and they\u2019re completely finished, renovated, and we put a one-year warranty on the work after closing.\u201d<br \/>\nThe trolley tour also included an introduction to several other educational and counseling programs available through TRP\u2019s Financial Services department.<br \/>\n\u201cA lot of people don\u2019t know the process of purchasing a home,\u201d Reyes explained. \u201cThey have an idea of what it is, and what they need to do to prepare for it, but they don\u2019t know the specifics. So we\u2019re here to walk them through the whole thing. If they\u2019re not ready now, we will get them ready. It may take a couple weeks, a few months, and maybe a few years, but we will get them ready.\u201d<br \/>\nBy including counseling and other forms of financial education, TRP wants to ensure that the buyer can not only purchase a home, but keep it as well. This strategy is integral to preventing foreclosures and keeping mortgages affordable.<br \/>\nMore than 200 people took the trolley to see these new homes. The success of this first tour makes Reyes believe more tours will come.<br \/>\n\u201cNow that we know that this is a success,\u201d she explained, \u201cwe\u2019ll definitely be doing it again. When you see people who genuinely are interested and you know that you can help them, it\u2019s a very rewarding experience.\u201d<br \/>\nTo learn more about TRP\u2019s available homes for sale, visit our <a title=\"Homes for sale\" href=\"https:\/\/resurrectionproject.org\/find-your-home\/homes-for-sale\/\">Homes for Sale<\/a> page.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>by Maria Fereira Published: September 6, 2012 On Sunday, July 29, 2012, TRP and US Bank partnered to host a free trolley tour in the Back of the Yards neighborhood to give local residents a look at TRP\u2019s stock of quality affordable homes now available. The trolley tour was generously underwritten by US Bank. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12068,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"class_list":["post-812","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trp-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.7 (Yoast SEO v24.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>TRP and US Bank trolley tour unveils new homes to 200 potential homeowners | The Resurrection Project<\/title>\n<meta name=\"description\" content=\"by Maria Fereira Published: September 6, 2012 On Sunday, July 29, 2012, TRP and US Bank partnered to host a free trolley tour in the Back of the Yards\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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