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Quick Hit
by Matthew Blake
4:41pm
Wed May 16
8 comments

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 »

Quick Hit
by Matthew Blake
10:19am
Fri Apr 13
1 comment

Foreclosure Crisis Moves Into Next Phase

Foreclosures are down in the Chicago metropolitan region, according to data released yesterday by the Chicago research and advocacy group the Woodstock Institute, but a troubling trend has persisted: People who lost their jobs continue to lose their homes. Read more »

Quick Hit
by Matthew Blake
1:21pm
Tue Apr 10

Stark Report Looks At Cook County Pension Problem (UPDATED)

The Cook County Board’s pension committee chairman, Bridget Gainer (D-Chicago), released a report yesterday on the county’s growing pension problem – the system has endured a meteoric rise in liabilities and will run out of money by 2038 if the trend continues. Read more »

Quick Hit
by Ellyn Fortino
11:59am
Tue Mar 27

Housing Crisis Continues To Wreak Havoc On Minority Communities, Wealth

More Chicagoland homeowners in communities of color are underwater compared to predominantly white neighborhoods, a new report from the Woodstock Institute shows, and some housing advocates say they aren’t surprised.

Overall, nearly one in four residential properties in the Chicago metropolitan area has a negative amount of equity, meaning the homeowner owes more than the worth of the home, according to the report, “Struggling to Staying Afloat: Negative Equity in Communities of Color in the Chicago Six County Region.”  

That comes out to be about $25 billion of negative equity in the Chicagoland region.
Read more »

PI Original
by Aricka Flowers
7:53pm
Tue Mar 20

Illinois 2012 Primary Election Results (LIVEBLOG) (VIDEO)

Election 2012

Illinois polling places are now closed and it may be a while before we get the final numbers due to ballot problems in at least 25 counties. Stay updated on the latest with our election night liveblog.