Auburn Gresham Victorian Is 2000th Home Remodeled Through Cook County Land Bank
By Atavia Reed, Block Club Chicago | October 7th, 2024 (Click Here For Original Article)
AUBURN GRESHAM — When local developer Tytus Henry bought a home from the Cook County Land Bank Authority to remodel in 2021, he had one request.
“I wanted it to be a challenging project,” Henry said.
Standing outside the refurbished Auburn Gresham home Thursday morning, Henry dabbed sweat from his forehead with a small towel while peering up at his creation.
“And this was definitely what I asked for.”
Local officials and leaders at the Cook County Land Bank Authority joined Henry Thursday to celebrate the completion of the single-family home at 8514 S. Peoria Ave.
The four-bedroom, four-bath Victorian home is the 2,000th Cook County Land Bank Authority property to be redeveloped in the organization’s 10-year history.
The Cook County Land Bank Authority bought the vacant property in 2019. The 4,500-square-foot home was built in 1890.
Henry, owner of Lion Heart Construction, bought the home from the land bank in 2021 for $40,000, he said. He began working on the property at the end of 2022 after completing projects for other investors.
What followed over the next two years was “blood, sweat, tears and a lot of sleepless nights,” Henry said.
“Tytus worked to turn this abandoned, dilapidated home into a beautiful place that we stand in today,” said Jessica Caffrey, executive director of the Cook County Land Bank Authority. “In the process, he created jobs, helped launch careers, created tax revenue and put a jewel right here on this block in Auburn Gresham.”
The house needed to be “built from the ground up,” Henry said. That meant adding new studs, electrical wiring, plumbing, HVAC units and flooring to the four-story home. Henry invested about $225,000 in the property, he said.
Henry grew up with eight brothers and a father who was a carpenter, he said. His father taught him how to work in the trades to complete construction projects, and knowing those skills “cut down a big cost.”
Along the way, Henry had assistance from local youth in the YouthBuild and Bridge to Construction programs offered through Metropolitan Family Services.
YouthBuild, an alternative education opportunity for people ages 18-24, and Bridge to Construction, a pre-apprenticeship program, help young people learn occupational skills so they can find well-paying jobs.
At the Peoria Avenue home, Henry taught youth like 19-year-old Nehemiah Triplett and Keyshawn Shuford carpentry skills like house framing and plumbing and electrical work. Triplett and Shuford learned fence posting and how to pour concrete.
“He made sure we understood what we were learning and took time to teach us,” Triplett said. “It’s not easy work to build a house, but I kept coming back because I knew it was also building my character and helping me build a career.”
Triplett hopes to become a real estate agent. Working with Henry “gave me another outlet to help further what I want to do to become better,” Triplett said.
When Henry finishes a project, “all someone has to do is come in, drop their keys and start living in the house without any headaches,” he said. He puts his “heart and soul” into the process.
Henry added a black-and-white color scheme to the Auburn Gresham home “because everyone is doing gray,” he said. The home features a full slab countertop, a butler’s kitchen and a wall-mounted electric fireplace.
Henry completed renovations on the home last month, he said. A new buyer is closing on the home Friday.
Thursday’s 2000th home celebration coincided with the release of the Cook County Land Bank Authority’s 10-year Economic Impact Analysis.
In the past decade, the Cook County Land Bank Authority has created over 1,400 jobs, generated more than $58.1 million in community wealth and added over $1.8 billion in economic impact throughout Cook County, according to the study.
The homebuyer who bought the Peoria Avenue property will receive $20,000 in purchase assistance from the Cook County Land Bank Authority, Caffrey said.
“The Lank Bank is the key to reversing some of the historic wrongs that have created such extreme inequities in our city and our county, including here in Auburn Gresham,” said county board President Toni Preckwinkle. “Because when we’re talking about home ownership, we’re really talking about safety and shelter, a place to nurture a family, a way to grow generational wealth that can be passed down to future generations.”
Construction on the Victorian home “was a monster, but it was well worth the journey,” Henry said.
Meeting local young people who “listened, learned and asked a million questions all day and night” was one of the most fulfilling aspects of the project, Henry said.
Tierra Montgomery, a Roseland native, was inspired by Henry to start a construction company, she said Thursday.
T&C Infinite Remodeling — named after her sons — launched last month. Montgomery is already completing renovations for a client in Morgan Park, she said.
“It’s rare to be a woman who owns a construction company, and I want to mentor others the way I was mentored,” Montgomery said. “This is a career I truly love, and there’s no shortage of opportunities for someone like me who has a strong work ethic and big goals.”
Henry has three remodeling projects lined up for homes in Auburn Gresham and Englewood, he said. He hopes to launch a nonprofit called Raising Lions to continue mentoring youth in the construction industry.
“I hope the future homeowner will feel proud that some young people worked on the house,” said Triplett. “Not only does this house look professional, but they can have a peace of mind knowing that we’re not on the streets. We have our own jobs lined up.”
Cook County Program Aids Prospective Homeowners With Flexible $20,000 Grants
By Delaney Nelson, Austin Weekly News | October 3rd, 2024 (Click Here For Original Article)
If you want to become a homeowner, but don’t think you can afford it, the Cook County Land Bank Authority wants to help.
The Homebuyer Direct program, launched by the CCLBA in 2017, connects prospective buyers with below market-rate houses in need of renovation. The program aims to remove barriers that come with fixer-upper properties through grants up to 6% of a home’s purchase price, capped at $20,000.
“[Program grants] allow them to buy, rehab and ultimately move into the home of their home of their dreams,” said Darlene Dugo, deputy director of the CCLBA.
In 2024, the program expanded to assist buyers in purchasing developer-owned renovated properties or newly built properties on former land bank plots. The grant is only available for property that will become the owner’s primary residence.
Homebuyers may use grant funds to finance renovations, contribute to a down payment or closing costs or pay for things related to property transactions, like insurance or inspection fees. In addition, buyers must contribute at least $1,000 or 1% of the home purchase price, whichever is less.
There are two ways to participate:
For buyers interested in purchasing a fixer upper directly from the land bank, search the CCLBA’s interactive property viewer for available properties. Buyers may show their interest using the “apply” button on the property’s listing. From there, a representative from the agency will take potential buyers on a property tour and talk them through needed renovations.
The second option is to purchase from a developer. A list of qualifying properties can be found on the CCLBA’s website under “equity fund program.” This includes both developer-renovated properties and previously vacant land bank lots on which developers have built new property. Application documents are also listed on the website.
In either case, buyers must be mortgage-ready to apply for the grant money. That may mean going to homebuyer counseling, meeting with a lender and getting pre-approved for a mortgage.
Darlene Dugo, deputy director at the CCLBA, said the homebuyer direct program intentionally has few limits, aside from mandating the property be owner-occupied for a minimum of three years.
“We don’t impose any income restrictions, we don’t impose any credit score requirements. Essentially, we’re letting the applicant know, ‘Follow your lender’s guidelines, because they’re going to direct you,’” Dugo said. The program’s purchase assistance can be layered with other purchase assistance or down payment assistance programs, she added, as long as the buyer’s lender allows it.
Cook County President Toni Preckwinkle, first elected in 2010, has led a charge to investigate and create solutions for historic disinvestment. The CCLBA, which, aside from this grant program, acquires vacant, abandoned and foreclosed properties and develops them in a way that’s consistent with community stakeholder priorities, is a branch of Preckwinkle’s work.
In addition to making home buying more affordable and accessible, the land bank’s grant program “continues its mission of promoting redevelopment and reuse of vacant, abandoned, foreclosured, tax delinquent property,” Dugo said.
“Imagine having one delinquent property on your street and the havoc that that causes,” said Dugo. “That impacts everyone on that block’s property values. What we want to do is turn these properties into an asset for that neighborhood.”
In the past decade, the CCLBA’s partnerships with private developers have done just that: created jobs, built affordable housing and aided in the revitalization of disinvested communities across Cook County, according to the organization’s ten-year impact report. At a cost of just over $185 million since 2014, the CCLBA’s programs generated $9.77 for every dollar spent.
In Austin, CCLBA’s reach extends beyond homeownership. On Oct. 10, PCC Community Wellness will host a ribbon cutting ceremony for its Austin Primary Care Pavilion, which was built on former Land Bank plots. The center will offer medical care, job opportunities, an urban farm and workforce development programming. And earlier this year, local developer Leodus Thomas Jr. unveiled a newly restored eight-flat residential building in Galewood. It includes five affordable residences and was also built on plots purchased from the Land Bank.
New Restaurant Opens In Previously Vacant Ashburn Building Purchased From Cook County Land Bank
By Evelyn Holmes, ABC 7 News | February 23, 2024 (Click Here For Original Article and View the Video Broadcast)
CHICAGO (WLS) — The South Side neighborhood of Ashburn is stronger as a community Friday as they celebrated the opening of Jerk Soule restaurant.
“This is beautiful, this is so needed,” said resident Angel Harrell.
The grand opening of the Jamaican-soul food fusion eatery near 82nd and Kedzie is the dream of self-proclaimed serial entrepreneur Judith Smith as a way to honor her late father, who was a soul food cook, and her love of Jamaican food.
“He was a cook and it was my dream to always do something for him,” she said.
Smith was able to grow her restaurant from a food truck to a brick and mortar diner because she was able to purchase a vacant building through the Cook County Land Bank Authority.
“In the past, buildings like this would have sat vacant for 10 or 15 years, but now with visionaries like Judith, it’s now a community asset,” said Jessica Caffrey, executive director of the CCLBA.
Over the last 10 years, the CCLBA has acquired vacant and tax distressed properties which it then sells to buyers willing to invest in the area.
“We don’t want to see vacant properties in our communities because it brings down our property values,” said 18th Ward Ald. Derrick Curtis.
Not only are Chef Orlando Currie’s traditional Jamaican favorites like oxtails and curried goat on the menu, Chef Marty Cunningham is also serving up mac and cheese, collard greens and fried chicken.
Jerk Soule is also the new home of Rib Jibz bbq sauce, the first time the sweet and tangy sauce is available in store.
“This is blessing just to have it inside a physical building until I can get my own building,” said Doretha Ferguson.
Friday afternoon the restaurant was packed, and the investment in the community is already paying off. There’s a Black-owned nail salon down the street already open, and Judith hopes to be able to expand buy another property pretty soon. She wants to turn it into an event space or jazz club.