Renters

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Renter Program – NSP2

The City of Evanston’s $18.15 million NSP2 program will purchase and rehabilitate 100 units of foreclosed or abandoned housing in two neighborhoods in west and south Evanston to provide quality, affordable rental and for-sale housing.  This page will provide important information to potential renters through the NSP2 program.

Who will be able to rent NSP2 homes?

Housing is a major expense for most households, but families with lower incomes generally spend a much greater proportion of their income on housing. NSP2 is designed to help families that have to spend a disproportionate share of their income to have a decent place to live. Households with incomes at or below 120% of the area median income may be eligible to rent NSP2 homes. At least 25% of all NSP2 funds must be spent on housing that benefits households at or below 50% of the area median income. If a household’s income is at the area median, that means half of the households in the area have lower incomes and half have higher incomes. The chart below shows 50% and 120% of the average median income based on the number of people in the household. Households with incomes above 120% of the area median income are not eligible for NSP2 homes.

Could I qualify?

Start by finding the number of people in your household in the left column. Then, take the total gross income for all adults in your household. If your household income is less than the number in the far right column, you could be eligible!

Number of people in household*

% of Area Median Income

50%

120%

One

 $25,800

 $61,920

Two

 $29,450

 $70,680

Three

 $33,150

 $79,650

Four

 $36,800

 $88,320

Five

 $39,750

 $95,400

*All persons occupying a housing unit, regardless of familial relations.

When will NSP2 homes be available?

Now! Download the pre-application here.  Once complete, mail to the address below to be placed on the waiting list.

Dundee Management, LLC
666 Dundee Road, Suite 1102
Northbrook, IL 60062

How do I find out more?

Contact Dundee Management at 224.927.5075 or Jolene Saul at jsaul@cityofevanston.org or 847.448.8166.