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updated: 8/5/2014 5:47 PM

$1.5 million to help renovate Pullman homes

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  • In 1880, George M. Pullman, famous and wealthy from the luxurious sleeping car that bore his name, began building whole neighborhoods of homes that he rented to his factory workers on the city's Southeast Side.

      In 1880, George M. Pullman, famous and wealthy from the luxurious sleeping car that bore his name, began building whole neighborhoods of homes that he rented to his factory workers on the city's Southeast Side.
    Associated Press File photo

 
Associated Press

Efforts to preserve and renovate historic homes on Chicago's South Side are getting $1.5 million from the Illinois attorney general.

State Attorney General Lisa Madigan made the announcement Tuesday in the city's Pullman neighborhood. Her office says the money comes from a national settlement after the foreclosure crisis with the country's five largest bank mortgage servicers.

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Officials say the money will let the Chicago Neighborhood Initiatives acquire and rehabilitate 20 single-family homes and turn 15 buildings into new rentals.

Separately, the Chicago Neighborhood Initiatives has spent $5 million in the Pullman neighborhood to renovate 38 historic homes.

Industrialist George Pullman founded the area in 1880. The neighborhood also was the birthplace of the African-American labor movement.

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