(WBBM NEWSRADIO) -- A $5 million state grant is on the way for a Logan Square group that is hoping to flip the script on gentrification.
Members of Here to Stay celebrated the news outside a home -- its second land trust property -- in Logan Square.
“Logan Square, Humboldt Park, East Humboldt Park, you hear people say they’re trendy, up and coming areas,” state Sen. Omar Aquino said. “Well, it hasn’t been up and coming for people that have lived in these communities and want to stay in these communities. Unfortunately, a lot of them have become unaffordable.”
Here to Stay aims to change that by buying and receiving properties through a land trust, then selling them to residents at discounted rates.
State Sen. Cristina Pacione-Zayas said the $5 million in new funding will help grow the land trust’s capacity and fight for residents.
“There’s a narrative around gentrification that it’s inevitable,” she said. “We don’t have to go down this path.”
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