Community Investments Bring Affordable Housing to North Lawndale
12 Novembro 2009 - 1:03PM
PR Newswire (US)
Harris and Lawndale Christian Development Corp. Celebrate
Collaboration, Creativity CHICAGO, Nov. 12 /PRNewswire/ --
Representatives from the Lawndale Christian Development Corp.
(LCDC) and Harris Bank will be joined today by local elected
officials for the unveiling of a 23 by 46 foot outdoor mural, a
collaboration that serves as the culmination of a two-year, $10
million partnership to bring much-needed affordable housing to
North Lawndale. The mural adorns the side of 3700 W. Douglas, part
of Renaissance Apartments - a 54-unit, three-building affordable
housing development. In July 2007, Harris and affiliate BMO Capital
Markets provided LCDC critical financing to purchase the foreclosed
properties, which were targeted as part of a neighborhood
redevelopment plan. In addition to providing a line of credit for
renovation-related construction draws, Harris sponsored LCDC's
Affordable Housing Program Award from the Federal Home Loan Bank of
Chicago to further fund the project. "It pleases me to announce
today that Renaissance Apartments are 100 percent leased," said Kim
Jackson, executive director, LCDC. "We thank our partners in this
project, including Harris Bank, for their cooperation, generosity,
and commitment to bring quality affordable housing to Lawndale."
"At Harris, community investment is about giving time and energy to
foster healthy communities," said Yasmin Bates-Brown, executive
vice president, Community Affairs and Economic Development, Harris
Bank. "Two touchstones of strong communities - artistic endeavors
and affordable housing - are realized through this partnership. We
thank LCDC for the opportunity to engage employees and enrich the
community." In addition to providing financial support, Harris
engaged employees to help complete the mural as part of the bank's
2009 Employee Volunteer Day. On June 11, a team of employees came
together with area youths to work on the mural, which was designed
by local artist Ella Baccus and is part of the North Lawndale
Public Arts Corridor beautification strategy. The outdoor mural
adds to Chicago's impressive assortment of public art, including
the Picasso sculpture in Daley Plaza and Alison Saar's Monument to
the Great Northern Migration in Bronzeville. About Lawndale
Christian Development Corporation (LCDC) Lawndale Christian
Development Corporation was established in 1987 to bring holistic
revitalization to the lives and environments of Lawndale through
economic empowerment, housing improvements, educational enrichment
and community advocacy. In the last 12 years, LCDC has brought more
than $60 million in redevelopment to the North Lawndale community
including an award-winning $3.1 million childcare facility (Jubilee
Family Resource Center) which serves 220 children and employs 50
people. LCDC's 31-computer state-of-the art Technology Center
provides critical technology access and training to youth and
adults in North Lawndale which hosted 7800 visits by community
residents. LCDC also serves as the lead agency in North Lawndale
for LISC's New Communities Program, and is working with a group of
residents and community organizations around the development and
implementation of a long-term plan for community revitalization. As
a part of this process, LCDC has served as a catalyst for the
start-up of 12 small businesses and has initiated a community-led
plan to bring commercial and mixed use development to Ogden Avenue
and to 16th Street in North Lawndale. About Harris Harris is an
integrated financial service organization providing more than 1.2
million personal, business and corporate clients with banking,
lending, investing and wealth management solutions. The
organization is a member of the BMO Financial Group (NYSE, TSX:
BMO), which also provides corporate and investment banking services
in the U.S. under the BMO Capital Markets name. Harris® is a trade
name used by various financial service subsidiaries of Harris
Financial Corp. Banking products and services are provided by
Harris N.A., The Harris Bank, N.A. and their bank affiliates,
Members FDIC. Brokerage products are offered through Harris
Investor Services, Inc. (HIS), a registered broker/dealer, member
FINRA/SIPC, and SEC-registered investment adviser. Insurance and
annuities are offered through Harris Bancorp Insurance Services,
Inc. (HBIS). Investment banking services are provided by BMO
Capital Markets Corp. (BMOCM), a registered broker dealer and
member NYSE, FINRA and SIPC. HIS, HBIS and BMOCM are affiliated
companies and are wholly owned subsidiaries of Harris Financial
Corp. Products offered by HIS, HBIS and BMOCM are Not Insured by
the FDIC or any Federal Government Agency, Not a Deposit of or
Guaranteed by Any Bank or Bank Affiliate, May Lose Value. The
purchase of insurance or an annuity is not a condition to any bank
loan or service. Financial planning and investment advisory
services are provided by Sullivan, Bruyette, Speros & Blayney,
Inc., an SEC registered investment adviser. Family Office Services
are provided by Harris myCFO, Inc. Investment advisory services are
offered by Harris myCFO Investment Advisory Services LLC, a
SEC-registered investment adviser and wholly-owned subsidiary of
Harris myCFO, Inc. Investment advisory services to institutional
clients are provided by Harris Investment Management (HIM), a
SEC-registered investment adviser. Not all products and services
are offered in every state and/or location. DATASOURCE: Harris Bank
CONTACT: Rachel Gerds, +1-312-461-7865, for Harris Bank Web Site:
http://www.harrisbank.com/
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