TRP News

Casa Monterrey

Casa Hidalgo, Back of the Yards

Casa Guerrero, Pilsen.

Casa Morelos, Pilsen.

Casa Maravilla, Pilsen.

Published: December 12, 2012 The Resurrection Project (TRP) works to build relationships and create healthy communities, and we’re excited and grateful that our work has made the news again! On Friday, December 7, The Gate Newspaper ran a feature article on TRP and our work to stabilize Chicago’s Back of the Yards neighborhood through the renovation of 81-units of formerly foreclosed housing as affordable rental and for-sale housing. You can see the online newspaper here. The story gives a brief glimpse into the impact resulting from the $13.5 million TRP is investing in the community through Neighborhood Stabilization Program II funding secured through a national consortium led by Chicanos por la Causa (Arizona).

Published: December 3, 2012 On November 28, 2012, Wintrust Financial Corp. agreed to sell Second Federal Savings and Loans’ three branches and deposits to The Resurrection Project (TRP) and Self-Help Federal Credit Union (Self-Help). You can read the Crain’s Chicago Business article here. TRP and Self-Help formed a unique partnership to acquire the loans, deposits, and branches in order to continue Second Federal Savings’ (SFS) legacy in Brighton Park, Little Village, and Cicero communities. Wintrust and Hinsdale Bank served the responsible role in allowing time for TRP and Self-Help to complete the purchase of the SFS loan portfolio from the FDIC.

Published: November 12, 2012 On November 12, 2012, Self-Help Federal Credit Union (Self-Help) and The Resurrection Project (TRP) were successful in acquiring 1,100 loans totaling $141 million of face value from the Federal Deposit Insurance Corporation (FDIC). These loans are part of the former Second Federal Savings and Loan (Second Federal) portfolio that the FDIC retained as a result of taking Second Federal into receivership during this past summer. Self-Help and TRP partnered in this venture to ensure Second Federal’s mortgage portfolio would not be auctioned to predatory lenders and prospectors, which likely would have led to more foreclosures in Southwest side Chicago neighborhoods.

Published: November 5, 2012 La Casa Student Housing was featured in the Education Life section of the New York Times this weekend. The article is available online here, and was featured in the Sunday print edition on November 4, 2012.

by Ulises Silva Published: October 15, 2012 Photographs by Lyndsi Barboza A project that took 10 years to become reality, and that looks to become a model for how communities support the higher education goals of its youth, needed a special celebration to open its doors. And on the morning of October 11, 2012, that’s just what happened.

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’s 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. TRP 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. The trolley tour was designed to show these properties to community members and potential homeowners.

by Ulises Silva Published: September 4, 2012 Photos by Lyndsi Barboza Healthy fathers are vital to healthy communities. This was the idea behind TRP’s first annual Fathers Day Health Fair on Saturday, June 17, 2012. More than 100 residents came to the three-hour event, which featured information tables, health screenings, raffles, and other activities designed to educate local fathers and mothers about the importance of maintaining good health and healthy lifestyles—and the importance of being healthy, engaged fathers in Pilsen.