Overview
- Foundation officials named the community-led coalition the 2025 Chicago Prize winner on Dec. 16, providing a $10 million grant as the program’s third award since 2020.
- The funds support purchase of a 17-acre parcel at 74th Street and Talman Avenue in Chicago Lawn, a deal project leaders expect to close by the second quarter of 2026.
- Plans for the site call for roughly 125 single-family homes plus two-flats for a total near 160 units, priced for households earning about 80%–120% of area median income.
- The prize augments a $42 million revolving loan fund that issues construction loans repaid on sale and redeployed to speed subsequent building rounds.
- Reclaiming Chicago reports 76 homes completed and 90 under construction toward a 2,000-home goal across South and West Side neighborhoods, with the Chicago Lawn phase co-developed by the Southwest Organizing Project and The Resurrection Project.