Micro Market Recovery Program

The Micro Market Recovery Program is a neighborhood stabilization initiative targeting small geographic areas that are experiencing higher-than-normal problems with foreclosures.

In each area, the City of Chicago is working with sister agencies and community partners to re-occupy vacant residential buildings and to help existing residents remain in their homes.

The City of Chicago through its NSP program and TIF-Purchase Rehab initiative has subsidy money available for owner-occupants ready to buy or rehab a home in an MMRP area. The City also has forgivable loans available to help current owner-occupants make home repairs.

People interested in purchasing a home in an MMRP area, or considering repairs on an existing home, or need foreclosure prevention assistance, may reach out to the community partners in area for assistance.

Real estate developers interested in working in an MMRP area can contact Will Edwards at the Department of Planning and Development: Willie.Edwards@cityofchicago.org.

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