Chicago was one of five U.S. cities to get an inaugural “Choice Neighborhoods Initiative” grant, receiving $30.5 million in federal grant funds to redevelop a Woodlawn housing project as part of a nationwide effort to revitalize certain neighborhoods. Crain’s Chicago Business reported on August 31, 2011, that the funds are part of the U.S. Housing and Urban Development program that will give five cities a total of $122 million. The other four cities are Boston, New Orleans, San Francisco and Seattle.
HUD Secretary Shaun Donovan said the $30.5 million grant will be used to try to leverage up to $272 million in total investments from various organizations, according to the Chicago Tribune. Much of the award will go to the not-for-profit Preservation of Affordable Housing (POAH), a nonprofit that is redeveloping Grove Parc Plaza, a federally subsidized 504-unit building built in the 1960s on Cottage Grove Avenue.
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