This program involves the obtaining
and renovation of deteriorated and abandoned properties.
A few of this program benefits are:
Creates jobs Helps stop the destruction of our
Improve Chicago Communities and stimulates growth
Created assistance to homeless and in danger of being
homeless Generates affordable housing for Low-middle
income individuals and families In an effort to improve
create jobs and affordable housing,
EAA has successfully recycled properties which were
destined to be destroyed.
We acquire properties that are burned out, vandalized,
abandoned properties that are in need of vast amounts of
work and thus are hard to sell, and properties in danger
of being demolished through court orders.
These properties are acquired through:
Foreclosures U.S. Department of Housing and Urban
Development (HUD) Bank Owned or Mortgage Holder Chicago
Abandoned Property Program (CAPP) Donation of
distressed, burned out or hard to sell properties.
These properties are then renovated by EAA workers,
dedicated Volunteers and/or local Contractors.
They are then offered to low-middle income individuals
and families and some are offered to assist the homeless
or those who are in danger of becoming homeless.
We at European American Association are especially proud
of the fact that a few properties were offered to the
temporally homeless that we had assisted.
Through EAA intervention and assistance with food,
housing, energy assistance, and job placement made it
possible for these, once homeless individuals and
families, to proudly re-enter society and after a few
years of very hard work, and with the help of EAA, were
actually able to qualify for a mortgage.
Once homeless and living in their car or under bridges,
not knowing where their next meal would come from, and
now, they too have realized the American Dream of owning
their own home.
EAA assists our clients in understanding the process of
buying and owning a home. Provide essential information
and resources to the client regarding the process of
obtaining a mortgage, lending institutions, property
taxes, homeowner's insurance and simple home
Work with our clients every step of the way and keep in
contact with them after purchase and offer counseling on
an as need basis.