Posts tagged "vacant buildings"

Vacant spaces don't have to be an eyesore

Here at The Chicago Reporter, we’ve done a lot of reporting about vacancies and what’s wrong with them – the crime, blight and decreasing property values that are associated with vacant homes and lots. But one group in Chicago is highlighting what’s right with vacant spaces – at least, what you can do with them... Read more »

New vacant property ordinance: Will it be effective in Chicago neighborhoods?

In late July, the Chicago City Council passed an ordinance designed to clean up the thousands of vacant properties left decaying in the wake of foreclosure crisis. That ordinance would hold lender and mortgage servicers accountable for the maintenance of vacant homes, declaring them responsible for the property even before they legally took ownership when... Read more »

City advances bill to get a handle on foreclosure blight

City advances bill to get a handle on foreclosure blight
Chicago aldermen have given an initial thumbs up to an ordinance intended to force banks and other financial institutions to better maintain their vacant properties, many of which were foreclosed. Members of the Joint Committee on Housing and Real Estate and Zoning, Landmarks and Building Standards sent the legislation for consideration before the full council in a unanimous... Read more »
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Chicago Reporter pushes city to secure vacant buildings, make banks pay up

Chicago Reporter pushes city to secure vacant buildings, make banks pay up
Today, the Chicago City Council will hear an ordinance that would make banks that own vacant buildings secure their properties and pay up on their delinquent registration fees. That ordinance, supported by Mayor Rahm Emanuel, is a direct result of a Chicago Reporter investigation. Reporter Angela Caputo uncovered the situation in our May issue, showing... Read more »