The City of Evanston will hold a public meeting on the proposed Emerson Square Housing Development on Tuesday, Oct. 11, from 7 to 9 p.m. at the Fleetwood-Jourdain Community Center, 1655 Foster St.
Emerson Square, which calls for the redevelopment of an underutilized industrial site located between Emerson and Foster Streets between Ashland and Dewey Avenues.
The project was first conceived under the West Evanston Master Plan and is the second component of the city’s $18.1 million federal Neighborhood Stabilization Program grant.
The development, as currently proposed, will create approximately 30 units of new, mixed-income housing.
Emerson Square builds on ongoing efforts to stabilize the immediate neighborhood through the acquisition, rehabilitation and occupation of foreclosed and abandoned housing units. The purpose of the public meeting is to solicit feedback on the preliminary development plans.
Further information about the city’s NSP2 project is available online.
Wasteful
What a waste of taxpayer money! Abandoned and foreclosed housing indicates lack of demand for housing in that area, if not the owners and banks would sell the housing or develop it themselves. Why are we getting involved in this private matter?
The government's guaranteeing of mortgages (FANNIE/FREDDIE), was a huge part of the reason these place are now abandoned/foreclosed, they need to just get out of the way and allow the market to function.