From Neighbor Housing Services:
Eleven small business owners will be presented with $1,500 each to assist with their mortgage or rental payments as they work to recover their businesses.
The recent circumstances of COVID-19 and the murder of George Floyd, resulting in civil unrest in our communities and nation, has caused unpredictable disruption to commerce. Neighborhood Housing Services of Chicago (NHS) wanted to offer support to the communities and regions they serve. Together with their partners at TCF Bank and Associated Bank, NHS facilitated the “Southland Emergency Assistance” fund for minority small business owners.
“Neighborhood Housing Services understands the impact of small business in the local economy and how supporting local business really supports the community at large,” said Sandra Wells, Neighborhood Housing Services Director of the South Suburbs. “NHS is honored to administer this mortgage/rental assistance to these residents of the South Suburbs. We believe in collaboration to strengthen homeownership opportunities, financial capability of its residents and capacity of small business owners.”
This initiative was made possible through funding provided by TCF Bank and Associated Bank, who both had the desire to help the Southland region. Their contribution was used to offer minority small business owners with a one-time grant to go toward stabilizing their home mortgages while they work toward the recovery of their businesses.
“TCF Bank is committed to improving the lives of families throughout the communities we serve and is pleased to partner with NHS to help the South Suburbs preserve homeownership,” said Lynette C. Briggs, TCF Bank Community Development Market Manager of Corporate Compliance. “It is critical that we work together to provide direct financial support to households as they try to sustain and to preserve their businesses and homes, as we weather the unprecedented financial upheaval caused by the COVID-19 pandemic.”
“Associated Bank is proud to support local entrepreneurs through the Southland Emergency Assistance Fund,” added Tiffany D. Odeh, VP, Associated Bank Community Accountability Officer of| Consumer and Business Banking.
“Small businesses drive local economies and empower communities. We know that the COVID-19 pandemic has had significant financial impact on small business owners. Partnering with NHS Chicago to address housing payment insecurity during this time is critical.”
The following business will each receive a check in the amount of $1,500 the week of September 14:
3 Men & a Little Lady – Calumet City
Annie’s Home Daycare – Calumet City
Mansker Loving Daycare – Calumet City
Lavish Locs & Beauty – Country Club Hills
Scared Therapy Spa – Dixmoor
Law Brad Enterprises – Dolton
Jerome Morgan – Flossmoor
Artistic Flow – Park Forest
John Daniels Sweet Potato Pie Co. – Park Forest
Exquisite Pound Cakes – Park Forest
Senses to Soul Studio Production – South Holland
NHS’s mission is to create opportunities for people to live in affordable homes, improve their lives, and strengthen their neighborhoods. Learn more about Neighborhood Housing Services at www.nhschicago.org.