LUCHA Welcomes New Housing Counselor
LUCHA is excited to welcome Leticia Vargas, Housing Counselor as the newest member of our staff. Vargas joins the staff at LUCHA’s Freddie Mac Borrower Help Center and will assist clients achieve financial sustainability and purchase their first homes by providing high-quality education and financial counseling.
Prior to starting at LUCHA, Vargas was with Enlace Chicago, where she mostly at Farragut Career Academy in administration to assist students as they transition from high school to their professional careers.
“I’m in the training stage right now, and will be for the next few months, but I’m excited to get started and work on client portfolios,” remarked Vargas.
Wintrust – 2017 Partner of the Year
LUCHA would like to acknowledge Wintrust Mortgage as our 2017 Lender of the Year. Wintrust Mortgage served LUCHA’s clients in 2017 by providing $3.1 million in loan origination and $241,000 in down payment assistant to first-time homebuyers. Without lenders like Wintrust who make homeownership a reality for low-to-moderate income households, our housing counseling services couldn’t meet the needs of our clients.
In 2017, LUCHA convened like-minded community organizations to draft the Pilot Act for the Preservation of Affordable Housing, also known as the 606 Residential Area Preservation Ordinance, in order to stabilize the rapidly gentrifying Humboldt Park and Logan Square neighborhoods and keep long-term homeowners and renters in their homes. The Ordinance imposes higher demolition and development fees on developers who want to raze multifamily housing in favor of new construction single-family luxury homes along the 606 Trail’s western edge.
Since construction began on the trail in 2013, property values in adjacent residential neighborhoods increased by 48.2%. The Trail’s opening in 2015 further accelerated increases in rents and property values which has depleted affordable housing stock and replaced it with high end luxury units, resulting in an exodus of long-term low- to moderate-income households. Presently, the Ordinance is still in committee. Join us in supporting our community partner, the Logan Square Neighborhood Association, as they door knock throughout the neighborhood and host a Teach-in and Rally for Housing Justice to move this Ordinance forward.
Join LUCHA in welcoming the newest member of our team, Eduardo Sanchez! Eduardo brings expertise in maintenance, construction, and welding. In addition to ongoing maintenance on each of LUCHA’s 153 affordable housing units, the maintenance team performs repairs to the homes of seniors in our community.
Sponsored by the City of Chicago, the Small Accessible Repairs for Seniors (SARFS) program helps seniors remain independent and age in their homes through simple home improvements. Our dedicated maintenance team installs handrails, modifies bathrooms, repairs floors and widens doorways to make homes safe and accessible in order to accommodate the mobility needs of aging residents. In 2017, LUCHA completed 30 community home repairs at no cost to seniors. Eduardo’s efforts will increase LUCHA’s capacity to carry out home repairs for seniors in the neighborhood, as well as maintain the 45 units of Tierra Linda upon completion.
Additionally, LUCHA is also hiring a Home Repair and Weatherization Manager to help local homeowners plan and carry out repairs which will save energy costs and enhance accessibility – spread the word!
Contact Alan Goldberg at (773) 276-5338 ext. 223 or email@example.com today to schedule a private consultation. Through Project Reinvest: Financial Capability (PRFC), LUCHA provides financial capability counseling and coaching to help participants stabilize their finances, rebuild credit, and establish savings. This program is available to individuals seeking financial capability services, regardless of their housing status. Each participant will have a dedicated, professional team supporting them as they strive to meet their personalized goals. Project Reinvest: Financial Capability is made possible by funding from NeighborWorksAmerica.
“As we hit the ground running in 2018, we must consider the impact of the Tax Bill passed last month by Republicans. The last overhaul of the federal tax code in 1986 created a tax credit meant to encourage the private sector to invest in affordable housing….
…we expect that this tax cut will exacerbate income inequality in America, and the massive deficits it creates will further exacerbate cuts to vital housing programs that our neighbors, friends, and families need to maintain stable, vibrant communities.