Posts tagged "woodstock institute"

Removing asset test for Temporary Assistance for Needy Families program a step forward for the poor

Removing asset test for Temporary Assistance for Needy Families program a step forward for the poor
It’s rare to see anything positive coming out of Springfield on social welfare, but a bill that recently passed both houses of the General Assembly may be a turn in the right direction. HB2262 would entirely remove the asset eligibility requirements for the Temporary Assistance for Needy Families program, the cash assistance program for families... Read more »

Fast-track foreclosure bill for abandoned homes signed into law

Fast-track foreclosure bill for abandoned homes signed into law
This train is now running express. Under a bill signed into law this month by Gov. Pat Quinn, abandoned homes can be fast-tracked to foreclosure. That means their upkeep becomes the lenders’ responsibility before they fall apart and drag down a neighborhood’s economy and security. The bill will also force banks to pay a fee... Read more »

A new proposal for Chicago's vacant property woes

In 2011 alone, 6,274 homes in the city of Chicago went through the final stage of foreclosure and were auctioned off, according to data from Woodstock Institute. A vast majority, 94 percent, ended up in the hands of banks. Thousands are still sitting vacant. Many are in communities where the housing market is weak, to... Read more »
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Politics in review: Election results keep rolling in; West Side TIF zone gets $1M facelift; bringing out the big guns?

Here’s a rundown of the elections and political news The Chicago Reporter was discussing this week: More than a week after Illinois’ March 20 primary, more results have come in. In the 7th District statehouse race in west Cook County, Emanuel “Chris” Welch edged past his challenger, Rory Hoskins, by 36 votes. Welch, a lawyer... Read more »

Micro-Market Recovery Program hopes to redevelop foreclosed homes, neighborhood by neighborhood

Micro-Market Recovery Program hopes to redevelop foreclosed homes, neighborhood by neighborhood
Chicago is a city of neighborhoods, and Mayor Rahm Emanuel couldn’t agree more: This year, he began the second section of his neighborhood-based redevelopment plan that focuses recovery on some of the hardest-hit communities. Humboldt Park, Chatham, Chicago Lawn, West Woodlawn, Auburn-Gresham, West Pullman, Belmont-Cragin, Englewood and Grand Boulevard will all be part of the Micro-Market... Read more »

Why 13 is an unlucky number for Cook County families

It’s something you hope never happens to you. But 117,630 families in Cook County have faced it in the last five years: bankruptcy. While bankruptcy has the reputation of being financial rock bottom, it’s actually designed to be helpful–a fresh start for people so burdened by debt that they may never get out from under... Read more »
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News Roundup: New study shows gap in credit scores between black and white communities

The growing use of credit scores as a screening method for rental apartments, home loans and utilities could create a significant difference in economic opportunity for people with low credit scores due to both the lack of credit history and poor repayment history. This could negatively impact African Americans based on a new study from... Read more »