That is the number of rental units in foreclosed properties in Chicago.
In a report (PDF) issued Thursday by the Lawyers’ Committee for Better Housing, the 17,467 rental
units came from 5,904 apartment buildings within Chicago -- which amounts
to tens of thousands of Chicagoans who were left homeless in
The banks involved in the majority of the foreclosure filings are
Bank of America, Wells Fargo, Chase, Deutsche Bank, US Bank, and
Parents, teachers, and advocates marched through the streets of Chicago's poshest neighborhoods Saturday, pleading with the Daley administration to free up some of his beloved TIF funds for the city's schools.
Jackson Potter, a Little Village
High School of Social Justice teacher and member of the Chicago Teachers Union, and another woman identified as
Amber Smock from ADAPT were both arrested after leading 150
to 200 people -- about half of them teachers -- to march and rush in to
Lincoln Park's Grossinger City Cadillac dealership as part of a rally
for tax increment financing (TIF) reform. The two were arrested for misdemeanor criminal
trespassing and were taken to the Near North police district.
When Daley administration officials promote their decision to grant tax increment financing (TIF) dollars to large, profitable companies based in the city's Loop, there's usually a line about the jobs that the TIF grant will help "retain" downtown.
In recent weeks, we've been tracking how outgoing Chicago Mayor Richard Daley's now-ratified decision to declare $180 million of the city's tax increment financing dollars as surplus is affecting other local
The weak economy and the city of Chicago's dire fiscal situation has put a dent in Daley's tax increment financing system. We look at where the TIF "surplus" funds are coming from and ask if the lame duck mayor is doing enough.
There was no vote on the Sweet Home Chicago Ordinance at City Council on Wednesday, but proponents of the legislation say they've got multiple options at their disposal to get the bill -- or an alternative version of it -- finally passed.