Do not lose hope. Why don't you call the Chicago HUD direct at (312) 353-5680 and see what other programs they may have currently. When one program closes another program for affordable housing is usually not to far behind. Chicago has experienced one of the slowest recovery rates in the nation so it is in EVERYONES best interest to keep some type of program going.
p.s. I know about it because I used to manage it!
I have not worked with any of the 36 recipients of this grant, but it appears it expired May 2012.
Here is the link for the program: http://www.cct.org/impact/partnerships-initiatives/strengthe
Hope this helps.