Nearly 30 years after his first incorporated to stabilize and improve the older, declining areas of the city, Neighborhood Housing Services (NHS) of Chicago had become among the best known and most respected organizations of its kind. The combination of low interest loans to home buyers and home renovators, as well as efforts to improve the neighborhood won, she had to get credit for helping to revive or parts of Chicago during a time when the city was losing population and private finance .. . Read more »

Nearly 30 years after his first incorporated to stabilize and improve the older, declining areas of the city, Neighborhood Housing Services (NHS) of Chicago had become among the best known and most respected organizations of its kind. The combination of low interest loans to home buyers and renovators home, as well as efforts to improve the neighborhood won, she had to obtain loans to support or revive parts of Chicago during a time when the city was losing were public and private financial institutions reluctant make conventional loans in its poorer neighborhoods. But in the late 1990s, Chicago finds NHS is to survive before a fight. Poorer neighborhoods, long starved of loans can be found through flooded lending services from a new generation of so-called “subprime” lenders. NHS efforts to nine Chicago neighborhoods in which they will improve both branches of foreclosures that result from such high interest loans and a decline in own credit NHS Chicago Business, the difficulties in competing with well-advertised “subprime” has threatened. This case raises the question of which strategy NHS Chicago, under pressure from a large foundation that had historically helped support it, should the right to financially take and whether and how they should be the mission for which it was founded continued. Case discussion, both an examination of the data, including trends in revenue and expenditure and the potential long-term business strategies. HKS case number 1659.0
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from
Howard Husock,
William Apgar,
Christine W. Letts
24 pages.
Release Date: 1 August 2002. Prod #: HKS226-PDF-ENG
Seeking Sustainability: Neighborhood Housing Services of Chicago faces financial challenge HBR case solution

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