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Real Estate Development
Over the past 25 years, Bethel's Real Estate Development (RED) Department has developed almost 1,000 units of housing, ranging from single-family homes to a 5-acre campus that includes a 125-unit apartment building for seniors. Bethel has pioneered transit-oriented, environmentally friendly building that focuses on neighborhood revitalization.
Bethel brought a series of two-flats, condominiums and single-family home construction projects to West Garfield Park and Austin, in addition to creating new community service locations such as rental units.
Bethel is also a leader in commercial development on the West Side. With the opening of the Bethel Center located at Lake St. and Pulaski. Bethel continues to identify and work to realize commercial development projects that will bring the neighborhood vital goods, services and jobs. All new developments will be at least Energy Star rated and make minimum use of existing public transportation.
Service Area
Chicago's West Side.
Program Requirements
Income requirements in order to qualify for city subsidy.
Sample Partners
Chicago Rehab Network
Social Service Agencies
Al Raby and Orr High Schools
Local Churches
Citywide financial institutions Several real estate agencies
Own a Home, Own a Condo, Invest in Real Estate
Bethel New Life, Inc. can be your partner on the road to ownership, through our Family Economic Success Division. With over 25 years experience in homeowner education, community-building, and real estate development, we can help you learn more about how to achieve your goals for real estate ownership.
No Catch, No Gimmicks, or $
Our schedule of FREE classes covers a full range of information needed to successfully purchase a home or investment property and keep it. From credit repair classes, an IDA matched savings program, and HUD certified homeownership classes all taught by professionals, everything needed to learn about homeownership is available at Bethel New Life.
Pre-purchase Seminars
Designed as a comprehensive overview of the process of purchasing a home, this class is taught by professionals in the field of lending, real estate sales, real estate law, inspection and tax assessment. Participants will learn the following and much more:
- The criteria mortgage lenders use to approve loans
- Good vs. bad credit and how to improve it
- Down payment and closing cost assistance
- How to negotiate a transaction
- Protecting yourself legally
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Post-Purchase Seminars
After the move-in, BNL continues to be a valuable resource to homeowners and their neighborhood. Topics covered include:
- Maintaining your budget to avoid foreclosure
- Budgeting for the future
- Wise use of equity
- Pros and cons of refinancing
- Do-it-yourself repairs vs contracting
- Organic lawn care and landscaping
- Home energy efficiency
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Certification = $$$$
Not only are our classes free of charge, participants receive a certificate upon completion which could be worth money towards down payment or closing costs, or valuable coupons!
Classes are hosted by Bethel's Family Economic Success ~ Housing Counseling at our Lake & Pulaski location. For additional information and for a schedule of classes, contact 773-826-8430.
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