Gaper's Block Mechanics has a post regarding neigborhood stabilization money. A group of community activists & community groups seek a city council hearing by sending a formal letter to Ald. Ray Suarez, chair of the Chicago City Council's Committee on Housing and Real Estate.There is a map there I post that here. At the website http://www.chicagonsp.org/home.aspx and there is a post there which shows all the neighborhoods slated to get money. Of those communities Chatham and Englewood are listed.
Justifications include high foreclosure rates and areas where homeowners took subprime loans.
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