Don Walker, for the Milwaukee Journal Sentinel on July 11, 2014:
In the 30th St. Corridor, where housing and unemployment are major challenges, there is a chicken-or-egg problem.
“You need new industry brought in, but industry says the neighborhood is not stabilized,” Perlstein said. “So you need to invest in the neighborhood to stabilize it.”
That’s where the Northwest Side Community Development Corporation entered the picture. Primarily an economic development group, Northwest Side Community Development Corp. is entering the housing business by rehabbing eight homes in the 30th St. Corridor with $2 million from WHEDA and $2 million from PNC Bank.
“We have eight under contract and we hope to do 18 more,” said Howard Snyder, the organization’s executive director.
“The idea was to have a strategy to address the foreclosure crisis,” Winston said. “We wanted a program that was more entrepreneurial, and Howard represented that.”