This program mentors local stakeholders, contractors, and investors to use receivership to acquire, stabilize, and rehabilitate troubled buildings in the city of Chicago. Receivership helps to remove dangerous conditions, keep vacant properties secure and provide an estimate of cost to restore properties to their productive use.
The court receivership training program aims to familiarize developers and home buyers with the various details of the receivership program, court process and accounting principles in order to demystify the receivership process and increase minority participation in Black & Brown communities.