St Bernard Housing Development Corporation

THE ST. BERNARD HOUSING DEVELOPMENT CORPORATION WAS CREATED IN 1999 AS A NONPROFIT SUBSIDIARY OF ST. BERNARD HOSPITAL. ITS SPECIFIC PURPOSE IS TO DEVELOP AFFORDABLE HOUSING AND PROMOTE OTHER ECONOMIC DEVELOPMENT ACTIVITIES IN THE COMMUNITY SURROUNDING ST. BERNARD HOSPITAL. THIS WOULD PROVIDE A MORE STABLE, HEALTHY, AND SAFE NEIGHBORHOOD AROUND THE HOSPITAL. THE TARGET AREA OF ST. BERNARD HOUSING DEVELOPMENT CORP. IS THE CHICAGO COMMUNITY OF ENGLEWOOD. THE MAJOR PROJECT OF ST. BERNARD HOUSING DEVELOPMENT CORP. IS BERNARD PLACE, AN AFFORDABLE HOUSING DEVELOPMENT OF SINGLE-FAMILY AND TWO FLAT HOMES. IN PHASE I OF BERNARD PLACE, 63 HOMES WERE BUILT AND SOLD IN A TWO BLOCK AREA IMMEDIATELY SOUTH OF ST. BERNARD HOSPITAL, MAKING A TREMENDOUS IMPACT IN REVITALIZING A NEIGHBORHOOD AREA LONG BLIGHTED BY ABANDONMENT AND VACANT LOTS. THESE HOMES REPRESENTED THE FIRST NEWLY CONSTRUCTED FOR SALE HOUSING IN THE NEIGHBORHOOD IN WELL OVER 30 YEARS, AND MARK A NEARLY $16 MILLION INVESTMENT IN NEW BUILDING. THE DEVELOPMENT WAS BUILT IN COLLABORATION WITH THE CITY OF CHICAGO'S NEW HOMES FOR CHICAGO PROGRAM, WHICH PROVIDES SUBSIDIES FOR QUALIFIED HOMEBUYERS. IN 2004, ST. BERNARD HOUSING DEVELOPMENT CORPORATION WAS AWARDED THE RICHARD H. DRIEHAUS FOUNDATION AWARD FOR OUTSTANDING NONPROFIT NEIGHBORHOOD REAL ESTATE PROJECT. CURRENTLY, ST. BERNARD HOUSING DEVELOPMENT CORP. HAS PARTNERED WITH CHICAGO NEIGHBORHOOD INITIATIVES IN DEVELOPING PHASE II OF BERNARD PLACE. SEVEN ADDITIONAL HOMES, INCLUDING A MODEL HAVE BEEN BUILT TO DATE IN PHASE II. ADDITIONAL PLANS FOR PHASE II & PHASE III ARE ON HOLD UNTIL THE HOUSING MARKET IMPROVES.