Posts in category "Housing"

$13 billion JPMorgan mortgage settlement doesn’t address criminal charges

$13 billion JPMorgan mortgage settlement doesn’t address criminal charges
Another day, another billion dollar settlement for a bank involved in fraudulent mortgage practices that led up to the 2008 housing crash. The Justice Department announced Tuesday that it reached a $13 billion settlement with JPMorgan Chase & Co. around its packing, marketing and sale of rotten mortgage-backed securities, which then collapsed in value and,... Read more »

Life in an SRO: When temporary housing becomes a home

Single Room Occupancy hotels once were envisioned as transitory residences – where people needing a leg up for a short time could pay a low weekly rate for rent before moving on to something better. But in reality, they are anything but temporary. The Rosemoor Hotel in the West Loop neighborhood has residents who have... Read more »

Missed opportunities for poor families

Missed opportunities for poor families
This post was reported and written by James Reddick, a former Chicago Reporter intern. Shinette Johnson tacks off a list of amenities in an apartment she recently saw for rent in Chicago’s River North neighborhood. “It was gorgeous,” she says. “Fireplace, master bedroom, my dream bathroom. The kitchen was a little tight, but it was... Read more »
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Community activists, unions raise populist message at ‘Take Back Chicago’ rally

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More than a thousand people gathered Tuesday evening for the “Take Back Chicago” rally and town hall meeting at the University of Illinois at Chicago Forum. Members of various community organizations, activists and unions called attention to such issues as the minimum wage, affordable housing, a fair tax system, school closures and healthcare. Individuals asked... Read more »

With ‘exclusive’ mayoral control, a new CHA chief may make little difference

With ‘exclusive’ mayoral control, a new CHA chief may make little difference
Natalie Saffold lived in LeClaire Courts for 23 years before the public housing complex was closed down in 2009. She raised three children there. Now 57, Saffold lives in a public housing apartment in Bridgeport. But she still hasn’t given up hope that she’ll one day move back to the area as part of the... Read more »

SRO tenants union wins reprieve for low-income residents

SRO tenants union wins reprieve for low-income residents
The Rosemoor Tenants Union was born only months ago in a windowless room near Teamster City. But the association, created to represent long-time tenants of the Rosemoor Hotel, a Single Room Occupancy building in the West Loop, already has a victory under its belt. On Oct. 3, a Cook County judge found in favor of... Read more »
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SRO tenants see unionizing as last chance to fight developer

The Rosemoor Hotel follows a script that has been playing out across Chicago the past few years. The Chateau Hotel, the New Jackson Hotel, and many others have had their dramas, as the single-room-occupancy hotels, or SROs, have been bought up by developers with grander plans than providing low-income housing. SROs tenants have protested, marched... Read more »

CHA proposes cutting public housing waitlist in half

Chicago Housing Authority officials introduced a plan on Wednesday that could potentially knock thousands of families, elderly and disabled people off the waitlist for public housing because they failed to register a current address. In all, 47,536 applicants–53 percent of people on the public housing waiting lists–could be affected by the proposal. CHA Chief Executive... Read more »

Dead-End Leases for Subsidized Renters

Imagine moving into a new apartment only to find out a few months later that your building is in foreclosure? Ok, now imagine it happening two you twice in less than a decade. Johneece Cobb, a 45-year-old community college student, didn’t see it coming when she signed a lease a couple years ago. Having been... Read more »
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When a house is not a home: Rental woes in the federal subsidy program

When Joletta Jordan moved into a private rental on the southwestern edge of Chicago earlier this year, the single mother thought that her luck had finally turned. Jordan had just been reunited with her 7-year-old daughter after recuperating from surgery in a hospital, then a nursing home. Little did she know that their new apartment,... Read more »