Seeking Sustainability: Neighborhood Housing Services of Chicago Faces Financial Challenge Harvard Case Solution & Analysis

Nearly 30 years after it was first turned on to help stabilize and improve the older, lower part of the city's Housing Services (NHS) of Chicago has become one of the best known and most respected organizations of its kind. The combination of low-interest loans for home buyers and home restorers and beautification efforts, won him credit for helping to maintain or restore part of Chicago at a time when the city is losing population and private financial institutions have been loathe to make conventional loans in poor areas. But, at the end of 1990, NHS of Chicago says he faces a fight for survival. Poor neighborhoods, long starved of credit, are flooded with loan offers from a new generation of so-called "sub-prime" lenders. NHS efforts to improve Chicago's nine areas in which it has offices at risk of mortgage foreclosure as a result of which a high percentage of loans and reduce their business lending NHS Chicago, which is difficult to compete with the well-publicized "subprimes". This case raises the question of what strategy NHS Chicago, under pressure from the largest fund, which has historically helped to maintain it, to be taken to the rights and financial and whether he should continue the mission for which it was created. Case discussion may include a study of the data, including trends in its revenues and expenses and future long-term organizational strategies. HKS Case Number 1659.0 "Hide
by Howard Husock, William Apgar, Christine W. Letts 24 pages. Publication Date: Aug 01, 2002. Prod. #: HKS226-PDF-ENG

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