Chicago Ald. Walter Burnett is expected to force the City Council to vote on the Sweet Home Chicago Ordinance, which would allocate 20 percent of the city's annual
TIF budget to develop affordable housing.
Also in the news...
- The number of active trial and permanent home loan modifications under the Home Affordable Modification Program continues to drop in the Chicago region. However, there is concern that the program is turning away large numbers of otherwise eligible borrowers given complaints that documents are repeatedly lost by servicers and that the most common reason for denial is incomplete documents.
- The Chicago Police Department's 200 new hires next year won't make up for the expected 300 that will leave the department, leaving the police force with more than a thousand vacant positions.
- Candidates for Illinois governor are on pace
to spend a record $63 million on their general election and primary campaigns.
--compiled by Louis McGill