| Description: |
The Asset Control Area Program began in 2000 when the US Department of Housing and Urban Development granted funds to municipalities to help rehab 1-4 unit buildings. The Department of Housing developed the ACA Program, using these federal dollars to partially fund its local nonprofit partners Hispanic Housing Development Corporation and Neighborhood Housing Services of Chicago. Funds were made available over a three year period and were not to exceed $40,000 for each one-unit residential property and $50,000 for each two- to four-unit residential property. Administrative expenses were also funded with a maximum limit of $1,056,000 for the Asset Control |
