Tag Archive
DePaul Professor: Second Wave of Foreclosures Coming, Need for Affordable Housing Grows
By Dimitrios Kalantzis, Contributing Editor, Lake Effect News Last month the Institute for Housing Studies at DePaul University released a study, which found a significant increase in Chicago rental vacancies, from 5 to 5.7 percent in the last year. Such findings seem intuitive. As the Chicago region’s unemployment rate rose to double digits throughout the recession, most recently... »
Wilson Yard Developer Finding Tough Retail Market
By Lorraine Swanson, Editor, Lake Effect News With construction of the Wilson Yard development at Montrose and Broadway proceeding at breakneck speed, developer Peter Holsten can finally see the light at the end of the tunnel. Barring any unforeseen circumstances, including an ongoing lawsuit filed by Fix Wilson Yard, rentals of the affordable senior housing units are... »
Pilsen Industrial Land Retooled For Housing
By Jeanette Almada of LISC Chicago’s New Communities Program Two new affordable apartment buildings are benefiting Pilsen residents in two ways: they’re providing residents with high-quality, low-cost housing, and they’re occupying vacant industrial sites that had become neighborhood eyesores. The recently completed 45-unit Casa Morelos Apartments – one of the two resident buildings – sits on... »
Communities Seek Olympics Benefits
August 18, 2008 – Hundreds of South Side residents rallied at Michael Reese Hospital with community organizations Thursday calling for inclusion in Olympics planning and a legally-binding community benefits agreement to be included in Chicago’s final application for the 2016 Olympics. With a dozen community and labor organizations signed on, Communities for an Equitable Olympics... »
Tax Credit Backlog Threatens Sutherland
by Curtis Black, Community Media Workshop August 7, 2008 – Tenants at the historic Sutherland Apartments are continuing efforts to maintain their building’s affordability, despite long waits for federal housing tax credits administered by the city, which have discouraged several affordable housing groups. “We want to keep it affordable and have a stake in ownership of... »
New State Property Foreclosure Law Protects Tenants
by Curtis Black, Community Media Workshop June 30, 2008 – Low-income tenants with Section 8 rental subsidies are increasingly facing eviction from properties going into foreclosure — often with no warning, and with fewer protections than other renters have. Often they’ve been paying rent throughout the foreclosure process, with no knowledge that their tenancy was threatened,... »
Opponents of Gentrification in Logan Square Promise Fight
by Lindsay Welbers June 26, 2008 – Students enrolled in the Social Justice Academy at Kelvyn Park High School have produced a documentary called “Shelter: One Community’s Struggle” which highlights the concern of some that rising housing costs could push out longtime Logan Square residents. “We chose gentrification because we saw it happening right here,”... »
New Federal Housing Program for Vets
Charles Leek went to Vietnam to serve his country believing his country would take care of him. “They always said they’ll give to us first,” said Leek. But in 2003, he found himself homeless after his health began to decline and his marriage dissolved. Leek, 61, was one of 154,000 veterans nationwide estimated to be homeless on... »