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Foreclosure plan passes council committee—but where’s the money for it?

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 […]

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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 […]