Renew Woodlawn takes a multi-pronged approach to helping new homeowners. NHS provides financing and counseling for first-time homebuyers, as well as technical assistance for those who manage their own property rehab. CIC, through its acquisitions program, has acquired properties to provide a pipeline for the program. CIC also works with developers who rehab vacant properties to sell to new owner occupants.
To date, four properties have been fully rehabbed by developers and sold to homeowners, and an additional nine are currently being rehabbed and will be sold later in the summer. In addition, CIC has sold five homes directly to homebuyers, who have performed their own rehab.
A charming greystone on the 6500 block of South Eberhart in West Woodlawn was acquired by CIC for Renew Woodlawn. Benevolent Housing, a nonprofit created by Pearson Realty, rehabbed the home over four months, and it was acquired by first-time homeowner Jeanne Franks in April.