Connecting the dots between predatory lending, the vacant property crisis and school closings

Michael Tidmore and I recently met front of Daniel S. Wentworth Elementary School, a hulking brick building that sits on a residential block in Englewood. He wondered what’s going to happen to school buildings like this when they’re closed next year under Chicago Public Schools’ plan to shutter 61 facilities while consolidating students and staff.

Tidmore is a 50-year-old youth outreach worker who coordinates after school programs at the local nonprofit Teamwork Englewood. He grew up in the neighborhood, which has been reeling from a housing market collapse that began with predatory mortgage lending first exposed by The Chicago Reporter in 2007.

Vacant, boarded-up homes and apartment buildings have since piled up by the thousands, depressing property values so much that Tidmore said he’s seeing people he’s known his whole life walk away from homes that have been in their families for generations. “People are just letting them go,” he said.

That’s taken a toll on schools like Wentworth where “we don’t have the numbers we had before,” he said. Like the other schools on the closing list, low enrollment has made Wentworth the target of the consolidation plan, which CPS officials estimate will save the district $43 million in operating costs each year during the next decade. When Wentworth closes, it will become yet another vacant building in the neighborhood.

Meanwhile, students will move into the building of John P. Altgeld Elementary School, less than a mile away. In many ways, Altgeld is facing the same predicament as Wentworth. It’s located in an African-American neighborhood where thousands of Chicago homeowners and renters lost their homes when a wave of borrowers defaulted on their high-cost loans.

What sets Altgeld apart is that, in sheer numbers, there are more vacant properties within the census tracts where its students live than any other school that will be impacted by next year’s closings, shows an analysis of the Chicago Department of Buildings’ vacant property registry by the Reporter. Add up the vacant properties within the census tracts where Altgeld and Wentworth students live, and they account for more than 13 percent of those logged by the city since 2010.

Tidmore and I met on the 6900 block of South Sangamon Street and walked west through a residential stretch where we saw dozens of vacant multi-unit apartment buildings and single-family houses. Public officials have struggled to hold property owners--including the banks that they do business with--accountable for not securing problem buildings like we saw on our walk. They've spent nearly $1 million demolishing and boarding up properties like these in the area since 2011, the Reporter analysis of the Chicago Department of Buildings’ records show. Still, behind sagging boards, the windows and doors on many of the homes we saw were exposed. And they are just a small fraction of the 3,014 vacant properties within the schools’ attendance boundaries that the city has taken stock of since 2010.

Tidmore sees the vacant buildings as crime magnets and he worries about kids having to navigate through even more of them getting to school next year. CPS spokesman Dave Miranda said that district officials recognize the potential dangers the vacants pose and are paying close attention to them as they create “customized safety plans” for each school affected by the closings.

Despite the precautions, Tidmore bristles at the thought of children walking alone by the vacant buildings. “I just put myself in the shoes of a child,” he said. “Anything could happen. Someone could be lurking, and a child can be snatched up in a second.”

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  • You can thank Uncle Sam for most of this mess. It was federal law that mandated that banks loan to people who could not possibly qualify -- or else.

    Add in a good dose of the welfare state that has made the nuclear family unnecessary.

    Then, there is the government schools and unions that have extorted the already stressed property holders through high property taxes.

    I could go on and on, but you will seek a government solution to the government created disaster, so what is the point?

    Muckrakers? I think not. Transcribers of government palp, yes.

  • Richard, what you say is true, but we still have to deal with the school closing situation and the collapse of these neighborhoods. Can you tell me how closing 54 schools will help these areas?

  • In reply to South Side CPS Mom:

    It won't, but the same people effected by those school closing will vote again and again and again for the politicians who created the mess in the first place. Tell me why. Do you think Lord Mayor Rahm and the teachers union heads care? No. Do you think they are worried that their positions will change due to upset parents or electorate? No.

    Get the government out of the bedroom? Yes, and get the government out of the schools.

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