In The News

As the program manager for the City of Chicago’s Neighborhood Stabilization Program, Mercy Portfolio Services congratulates Karry L. Young Development for winning The Good Neighbor Award for their work on two developments: 1337 S. Central Park Ave. and 6447 S. Yale Ave. The Chicago Association of Realtors® (C.A.R.) established the Good Neighbor Award in 1992

The redevelopment of the building, which is listed on the National Register of Historic Places, will convert the existing 454 unit vacant building covering an entire city block between 46th and 47th, Wabash and Michigan into Rosenwald Courts, with 239 one and two- bedroom units of senior and family housing with a two-acre professionally landscaped

In 2002 Melvin Bailey started the Community Male Empowerment Project (CMEP) as a way to put ex-offenders and at-risk youth to work. “I pull up on the corner and talk to anybody,” said Bailey. Recently he has been rehabbing houses as part of Chicago’s Neighborhood Stabilization Program and recruiting local residents to do the work.