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foreclosures
Quick Hit
by Matthew Blake
10:52am
Thu Jun 28, 2012
1 comment

Advocacy Group Wants Infrastructure Trust Used For Vacant Properties

The Infrastructure Trust ordinance, a plan where private investors will fund public infrastructure, passed City Council over two months ago, but the city has not identified Trust projects, besides an initial plan to retrofit municipal buildings.

So the Chicago advocacy group Action Now, which previously opposed the Trust, unveiled their own detailed proposal yesterday, calling for the Trust and developers to turn vacant city properties into affordable rental homes. Read more »

PI Original
by Steven Ross Johnson
3:52pm
Thu Jun 21, 2012
2 comments

Housing Market Woes Continue, Legislators Hold Keys To Possible Solutions

Housing

Continued stagnation within the U.S housing market has been cited as one of the key factors contributing to a still slow economic recovery. Meanwhile, forecasts for the remainder of the year indicate a rise in foreclosures and sluggish home sales remain. We take a look at some of the causes of the housing market's ongoing problems and discuss a few possible solutions.

PI Original
by Matthew Blake
5:45pm
Wed Jun 20, 2012
1 comment

Cook County Commissioner Lays Out Plan For Vacant Properties

Housing

Government has tried, with limited success, to address each new wave of the foreclosure crisis. In Chicago and Cook County, the focus is increasingly on the surging number of properties vacated because of foreclosure. Cook County Commissioner Bridget Gainer (D-Chicago) proposed in May an ambitious way to deal with the problem.

Quick Hit
by Ellyn Fortino
4:22pm
Mon Jun 11, 2012

State Leaders Join Forces With Local Advocates For Economic Justice

Members of the faith-based power network IIRON signed a covenant on Sunday for economic justice and called on Attorney General Lisa Madigan and other elected officials to sign it in order to create a more just economy.
Read more »

Quick Hit
by Matthew Blake
4:41pm
Wed May 16, 2012

Protesters Call For Eviction Moratorium (VIDEO)

As part of the build up to Sunday's NATO summit protest, Occupy Chicago marched to Daley Plaza in Chicago today with a focus on foreclosures. Speakers demanded that Cook County Sheriff Tom Dart implement a one-year moratorium on evicting homeowners who face foreclosure.

The specific demand was partly answered by the sheriff’s office, with Dart Deputy Chief of Staff Dana Wright showing up at the rally. Wright pledged that Dart would meet with two Occupy delegates this afternoon and suggested that a later public meeting could take place. Read more »

PI Original
by Matthew Blake
4:47pm
Thu May 10, 2012
2 comments

Occupy Chicago Outlines NATO Protests (VIDEO)

Activism

Occupy Chicago says thousands of protesters will go to Chicago next week before the city hosts the NATO summit, May 20 and 21. While Chicago Mayor Rahm Emanuel views the summit as raising Chicago’s profile, Occupy thinks the event will call attention to their concerns and invigorate the Occupy Wall Street movement that started last fall.

Quick Hit
by Progress Illinois
4:43pm
Mon May 7, 2012

Op-Ed: South Suburban Residents To Protest Fraudulent Foreclosures This Week

The following was written by Mike Reed of the South Suburban MoveOn Council.

Citizens who are concerned about the huge increases in home foreclosures in Illinois are meeting at the Bank of America, 4800 Southwick Drive (Rt. 30 and Cicero Ave.) Matteson, at 4:30 p.m. on Wednesday to speak against the often illegal practices of mortgagers—and in support of Illinois House Bill 5665, which they hope will pass through the legislature and help put an end to the problem.

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