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In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes. Now it will take a new approach: paying some of them to leave.
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If you've got a hankering to live in downtown Chicago and you covet a brand-spanking new condo, this is the year to jump into homeownership.
That's because the pipeline for new projects, once so jammed, isn't just about to slow to a trickle. It's about...
For more than a year, Lakeside CDC has been receiving calls from households who are on the verge of becoming homeless, due to loss of employment or income or a similar financial hardship. The continuing economic downturn has created thousands of such households...
Read More...Advocacy
Lakeside's efforts to advance a new fund for preserving rental housing in Rogers Park and the Sweet Home Coalition's efforts for comprehensive reform of the way tax increment financing supports affordable housing both got a boost in city council.
Read More...A recent comprehensive report on how tax increment finance (TIF) districts are being used to meet the city's demand for affordable housing finds Chicago's strategy is simply not helping enough low-income households, given the tremendous demand for affordable housing....
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Chicago Coalition for the Homeless and the new Sweet Home Chicago Coalition gathered at City Hall on July 30 to rally for affordable housing created with help from tax increment financing (TIF). A city policy intended to ease the harmful effects of gentrification...
Read More...Real Estate Development
A "Sold in 2 Days" sign is spotted on a home in Concord, N.H. this week. (AP Photo/Jim Cole) The median price of homes sold in Illinois last month eked out an increase for the first...
Read More...CitiMortgage announced a deed-in-lieu program for Illinois and five other states Thursday that could allow troubled homeowners to avoid foreclosure and remain in their homes six months for free.
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[New Crain's Chicago Business article provides a great overview of the challenges facing the housing sector going forward. Source:...
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Upcoming Events
- 03-13-2010 - 03-13-2010 | 10:00AM How to Avoid Delinquencies and Foreclosure
- 03-16-2010 - 03-16-2010 | 03:00PM How to Avoid Foreclosure
- 03-25-2010 - 03-25-2010 | 06:15PM Rents Rights Workshop
Other Stories
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Foreclosures Rates at Highest Point Since Economic Crisis Foreclosures rates are at the highest point since 2006 according to...
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Condo Foreclosures Present Unique Challenges and Opportunities Foreclosures in condominiums continue to drive foreclosure rates in...
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Lakeside Joins Bedbug Busting Efforts! For many households, bedbugs are more than the villain in a bedtime...
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49th Ward Rental Improvement Fund - Revised Fact Sheet
Bowl-a-Thon Fact Sheet