The city took another small step in its attempt to tackle the ongoing foreclosure crisis today. The City Council’s housing committee signed off on the latest city plan to implement the federal Neighborhood Stabilization Program, but not before aldermen voiced a few frustrations about the dwindling amount of federal funds coming the city’s way—less than […]
Tag: Neighborhood Stabilization Program
Mayor Emanuel to solve foreclosure crisis! (Or maybe just do a little something to help a few people, which is cool too)
Every evening the mayor’s press office sends out an e-mail announcing the mayor’s public schedule for the following day. The description of each event usually promises a dramatic new development that you won’t want to miss—while actually saying nothing about what’s going to happen. Last night’s e-mail once again forecast something big for today: “Mayor […]
The real housing bad guys
Aldermen wonder if the city’s new housing plans will do enough to address the foreclosure crisis.
When $55 million isn’t enough
Chicago receives $55 million from the feds to address its housing crisis, and it’s not nearly enough.