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PI Original
by Ellyn Fortino
1:29pm
Thu Dec 17, 2015

South Side Family Facing Foreclosure Eviction Fighting To Keep Their Home

A Washington Heights family facing foreclosure eviction is pleading for an opportunity to repurchase their longtime home from Fannie Mae while staying in the property.

Quick Hit
by Michael Joyce
4:51pm
Thu Jul 30, 2015

New Housing Campaign Casts Spotlight On Those At Risk Of Foreclosure, Eviction

Demonstrators gathered outside of several downtown financial institutions this week to launch a social media campaign highlighting the fact that while the financial crisis might be over, many are still at risk of eviction from their homes.

The demonstration began outside of the Citibank on 11 South LaSalle St. Tuesday, where demonstrators chanted, "We got sold out, banks got bailed out."

The ralliers continued on to four other financial institutions in the area: Chase Bank, Bank of America, Wells Fargo, and Fannie Mae.

This demonstration marks the launch of the Fannie/Freddy 99 Coalition's national social media campaign, called "We Are the Faces of Eviction."

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.

PI Original
by Ellyn Fortino
12:18pm
Tue Sep 2, 2014

Housing Needs Grow For An Aging America; Low-Income Illinoisans Struggle To Find Affordable Rentals

Progress Illinois takes a look at two recently-released housing reports. One highlights the growing housing needs of America's aging population, while the other examines the shortage of affordable rental units available for low-income households at the state and national levels.

Quick Hit
by Ellyn Fortino
1:17pm
Fri Aug 15, 2014

Albany Park Community Land Trust Close To Locking In First Home Donation (VIDEO)

Leaders with Centro Autónomo in Albany Park say the group's effort to establish a community land trust to secure affordable housing in the northwest Chicago neighborhood is moving forward.

Centro Autónomo, also known as the Albany Park Autonomous Center, is currently asking financial institutions to donate local homes in foreclosure to its Casas del Pueblo Community Land Trust, a non-profit that wants to turn the properties into permanent affordable housing for low-income residents. Both Casas del Pueblo and the Centro Autónomo are projects of the Mexico Solidarity Network.

So far, no homes have been donated to the community land trust, which officially launched in 2011. But Antonio Gutierrez, housing coordinator at Centro Autónomo, said the organization has a negotiation session planned for September with Fannie Mae. Another meeting with a national representative of donations for Wells Fargo is scheduled for the end of August.

Gutierrez and others with the effort are optimistic the community land trust will receive its first donated home within the next several months. 

"Casas del Pueblo needs to put as much pressure as we can right now [on the financial institutions], because this is a time when we're almost sure that we can get this donation by the end of the year," he said.

Quick Hit
by Ellyn Fortino
2:47pm
Fri Jul 11, 2014

FHFA: 36,000 Underwater Chicago-Area Homeowners Eligible For Refinance Program (VIDEO)

Thousands of Chicago-area residents are eligible for, but have not taken advantage of, the federal Home Affordable Refinance Program, or HARP, which provides refinance opportunities for certain underwater homeowners.

Nearly 36,000 borrowers in the Chicago metro area are eligible to save between $2,000 to $3,000 annually by refinancing their mortgages as part of the program, according to the Federal Housing Finance Agency (FHFA), which oversees Fannie Mae and Freddie Mac.

PI Original
by Ashlee Rezin
11:22am
Wed Aug 21, 2013

Protesters Call On Fannie Mae, Bank Of America To Change Lending, Foreclosure Policies (VIDEO)

Protesters took to a downtown Bank of America branch and Fannie Mae’s corporate offices in Chicago Tuesday to urge one of the nation’s largest home mortgage servicers and the largest home mortgage investor to change their lending and foreclosure policies. Progress Illinois was there for the action. 

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