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Housing
PI Original
by Angela Caputo
3:33pm
Thu Dec 4, 2008
7 comments

Taking On TIFs

Housing

Painting themselves as David
taking on Goliath, a group of citizen activists from Chicago’s North
Side have filed a legal challenge against the city for what they see as
another abusive use of Tax Increment Financing (TIF).

According to the suit, which was filed in ...

PI Original
by Josh Kalven
5:21pm
Fri Nov 21, 2008
1 comment

A Bailout For Main Street

Housing

Just three days after Dick Durbin relaunched his effort
to let judges alter the terms of distressed mortgages in bankruptcy
cases, a coalition of activists rallied outside the senior Illinois senator’s
Chicago office to commend his efforts and push him to offer more
...

PI Original
by Josh Kalven
10:30am
Thu Nov 20, 2008

Dart On Spread Of Foreclosures: "Utter Chaos"

Cook Co.

Yesterday, the Senate Judiciary Committee held a hearing on Sen. Dick Durbin's proposal to help struggling homeowners by allowing bankruptcy courts to renegotiate the terms of certain mortgages.  As we noted on Tuesday, Cook County Sheriff Tom Dart flew to Washington to ...

PI Original
by Angela Caputo
5:04pm
Thu Nov 13, 2008

IL Foreclosure Notices Keep Rolling In

Dupage Co.

More bad news emerged on the Illinois foreclosure front today. The number of homeowners slapped with bank repossessions, foreclosure, default or auction sale notices came to 12,681 in October -- a 24 percent increase from September and a 31 percent increase over the same ...

PI Original
by Angela Caputo
5:25pm
Wed Nov 12, 2008

Countrywide Accord Paves Way For More Loan Remodifications

Economy

Last month, Illinois Attorney General Lisa Madigan won a lawsuit that forced Countrywide Financial to establish an aggressive
loan modification program to help an estimated 21,000 people in
Illinois facing foreclosures.  At the time, she described it as a "model that
...

PI Original
by Josh Kalven
1:59pm
Mon Nov 10, 2008

Affirming Fair Housing's Future

Housing

Fair housing has suffered for too long as a largely ignored priority
in America. The Department of Housing and Urban Development (HUD)
continuously neglects its duty to affirmatively advance the cause.
Many others dismiss the issue as historical.  And the movement ...

PI Original
by Angela Caputo
12:12pm
Fri Nov 7, 2008
9 comments

Affordable Housing Measures Pass - So What's Next? (CORRECTED)

Housing

Referendums aimed at bringing more affordable housing to two
lakefront Chicago communities passed by wide
margins this week. In Uptown, 66 percent of voters in certain precincts* approved their measure, while 68 percent voted in favor of the Bronzeville version. So what's ...

PI Original
by Angela Caputo
11:23am
Mon Nov 3, 2008
1 comment

Housing Activists Make Grassroots Push

Housing

Long before the mortgage meltdown, renters were struggling to secure
affordable housing in a Chicago market turned upside down by years of gentrification. A faltering economy has only intensified this
challenge. And three independent campaigns are now being waged ...

PI Original
by Angela Caputo
9:23am
Fri Oct 17, 2008
9 comments

Cook Co. Foreclosure Evictions To Resume On Monday

Tom Dart

The moratorium on foreclosure evictions that propelled Cook County Sheriff Tom Dart into the national spotlight last week and secured his "good-guy" reputation back here at home has officially concluded.

Satisfied by the Cook County's decision to incorporate ...