Housing + Economic Development

We offer quality, affordable, energy-efficient housing, bias towards ownership, development without displacement and transit oriented housing and commercial development.

Programs:

• Financial Services and Products
  From New Start Checking to the Smart Savers Program, the Community Savings Center offers community residents practical steps toward better financial management. The programs, services, and classes offered by the center are designed to serve people often overlooked by traditional banks and other institutions. For many, this program is the right alternative to evade predatory lenders and other questionable resources. If you have the will, we have the way.
  
  
• Office and Retail Leasing
  Bethel New Life has conveniently located retail space for community-based and privately owned businesses. This promotes the development of resources, wealth creation, and retention within the community. We offer amenities for community based organizations, small schools, and churches.
  
  
• Real Estate Development
  The Real Estate Division offers services to assist residents in obtaining rental properties or home ownership.

Notable Accomplishments

• Built, sold and closed on twelve single family homes, rehabbed and converted 24 affordable condos, and constructed Keystone Homes - 7 new homes in partnership with Keystone Baptist Church
• Pre-development planning and work on new projects: Parkside Estates II - 9 new condo units
• Planned and managed the construction of the Lake Pulaski Smart Green Building at a Transit stop
• Chosen by Northeastern Illinois Planning Commission to complete a community mapping program (Full Circle) for Austin and West Garfield in a two and a half year project
• Offered landlord/tenant trainings and homeownership workshops to over 200 individuals as a part of a City Housing Resource Center contract
• Provided homeownership workshops and individual counseling to over 600 people
• Selected by Freddie Mac to be a major Chicago site for the "Dispel the Myths" pilot program, with monthly workshops for interested homebuyers in partnership with NHS and Money Management International
• Received a New Markets Tax Credit allocation of $4 million from the U.S. Treasury for investment in real estate projects in the community

Join us in congratulating Bethel New Life on 25 years of excellence.  Since 1979, Bethel has been transforming lives and communities on the west side of Chicago.  Their many support programs and affordable housing initiatives have helped strengthen a historically underserved community within our great city.
—Daniel J. Walsh, President, The Walsh Group
—David K. Hill, Chairman, Kimball Hill Homes