Explore our content

All types | All dates | All authors
Cook County land bank
PI Original
by Ellyn Fortino
3:07pm
Mon Sep 8, 2014

Chicago-Area Foreclosures Hit Pre-Recession Levels, But The Housing Crisis Is Far From Over

Chicago's six-county region recorded 13,916 new foreclosure filings in the first half of 2014, a nearly 38 percent drop from a year ago and the lowest level reached since 2007, according to a report by the Woodstock Institute. Local housing activists working to help struggling homeowners offer their take on the new data as well as policies meant to stymie the ongoing negative effects of foreclosures.

Quick Hit
by Ellyn Fortino
6:45pm
Mon Jul 1, 2013

Vacant Building Registries Lack Key Data, New Report Shows

Local municipalities should ramp up vacant–building data collection to help address a problem that continues to ravage Chicago–area communities due to the foreclosure crisis, according to a new report from the Woodstock Institute.
 
The "Deciphering Blight" report looked at the wide–ranging data that 47 local governments in the Chicago six–county region currently collect through their vacant property registries.
 
According to the report, a majority of the local governments kept thorough data on the parties responsible for vacant buildings. And more than half kept track of a property’s unique identifier like a PIN number.
 
But more than half of the municipalities did not collect data on the nature of the vacancy, and many vacant building registries lacked other key information. 
PI Original
by Matthew Blake
4:52pm
Fri Jan 18, 2013

No Movement On Chicago Infrastructure Trust, Yet

Proposed by Mayor Rahm Emanuel last March and approved by the Chicago City Council in April, the Infrastructure Trust outlined a way to finance infrastructure projects in the city during a time of prolonged federal and state budget crises and near absolute political aversion to tax increases. Its polarizing central concept of private companies investing in public infrastructure and then receiving some undefined return on their investment was alternately seen as a revolutionary way to improve Chicago and a nefarious step towards private investors opaquely dictating public policy. We take a look at what has come of the controversial Trust thus far.