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How LiveEvanston revitalizes neighborhoods

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Published on Jul 29, 2012

http://LiveEvanston.net

LiveEvanston is a City of Evanston initiative that makes attractive, high-quality homes affordable to qualified moderate-income families.

LiveEvanston is purchasing 100 homes and condos in two Evanston neighborhoods, completely rehabbing them, and selling them to buyers who meet income restrictions -- typically $26,550 to $98,280. The program offers down payments as low as 3.5% and interest-free second mortgages of $7,000 to $50,000 that become grants over a period of time.

LiveEvanston's efforts are concentrated to encourage area homeowners to invest in their properties and reverse the downward spiral in the targeted neighborhoods.

In this video, you'll meet the LiveEvanston team, see some of the properties, and hear the program's varied goals.

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