People, government officials and banks have all been affected by the foreclosure crisis. Each is now looking for a solution.
Mayor Emanuel emphasized the interconnectedness of Chicago neighborhoods in his comments at the 19th annual Chicago Neighborhood Development Awards on Wednesday.
The North River Commission celebrated its 50th anniversary Tuesday night and highlighted many of its goals for 2013.
With the economy still inching its way toward recovery, property values across the city are working their way back to pre-recession heights. However, many homeowners are upset that their property taxes didn’t decline along with their sagging home values.
In a unanimous vote last week, the Cook County Board of Commissioners approved an ordinance to create the Cook County Land Bank Authority, giving the government a way to renovate and revitalize the rising number of vacant properties across the county.
In an announcement Friday, the Illinois Supreme Court released a series of new rules aimed at cleaning up the foreclosure process and stopping many of the predatory lending practices that contributed to the recent housing market crash.
Gov. Pat Quinn announced on Tuesday that Illinois has received an almost $12 million grant from the U.S Department of Housing and Urban Development to help cover the cost of low income housing for the disabled and mentally challenged.
LATEST WORK
The Cook County Land Bank Authority hopes to take dilapidated properties around Chicago and revitalize them through new owners. (Jonathan Greig/Medill)
Property taxes have continued to climb, despite declining real estate values. That is driving many people to appeal their assessments. (Jonathan Greig/MEDILL)
Homes like the Anixter Center in Rogers Park will be able to apply for help subsidizing housing for the disabled. (Jonathan Greig/MEDILL)