The Seng is a 34-unit condo building that aims to attract middle-income families previously priced out of the area. A three-bedroom unit might go for $333,000, the developer said, compared to the market average of $700,000 in the neighborhood.
If homeowners are delinquent more than a year on making property tax payments, they’re at risk of owing large interest payments to private investors who buy up that debt. “It’s the poorest people paying the richest people,” Cook County Treasurer Maria Pappas said.
Some longtime Latino residents in the Logan Square community say they don’t know how long they will be able to keep paying property tax hikes, maintain a home and survive.
Delinquent properties are eligible for the Cook County Tax Sale, which is administered by the Cook County treasurer’s office. That’s where a private investor buys the debt and can make a big profit off of it.
Thanks to a “little-known loophole,” hedge funds, private equity firms and real estate investors have “siphoned” approximately $280 million from schools, parks, libraries, fire departments and other government agencies between September 2015 and September 2022 in Cook County.
Chanting “Housing is a human right! Lightfoot will not stop our fight!” and “Lo-ri! We’re calling on you!” anti-homelessness activists staged a tent city at City Hall to demand a dedicated funding stream for subsidized housing, just as Mayor Lori Lightfoot delivered her yearly budget address.
One in 20 tap water samples taken from thousands of Chicagoans found lead levels at or above federal limits, according to a recent analysis by the Guardian. It also found that nine of the top 10 ZIP codes with the largest percentages of high test results were in neighborhoods with majority Black and Latino residents.
Envisioning Chicago’s Financial District as a New Residential Neighborhood, Lightfoot Offers Developers Subsidies
Mayor Lori Lightfoot said she was determined to chart a “bright and lasting” future for LaSalle Street between Washington Street and Jackson Boulevard, an area of the city she said had been permanently altered by the shifts triggered by the COVID-19 pandemic.
Crews Have Replaced Less Than 0.5% of Lead Service Lines Shown to Contaminate Tap Water in Chicago Homes: Data
Despite promises, a federally-funded program has removed just 154 lead service lines from Chicago homes as of Monday, according to data provided to WTTW News by the Department of Water Management.
The lot at the corner of Wilson Avenue and Marine Drive was formerly owned by Weiss Memorial Hospital. It was subsequently sold and is now owned by Lincoln Property Company, which aims to build a 314-unit apartment building on the site. But just eight of those units will qualify as affordable.
The abandonment and neglect that has undermines the economies of many Chicago and Cook County neighborhoods is very much man-made, according to a new study.
“This brings our city one step closer towards ensuring that every Chicagoan can live in a walkable, affordable community that is connected to transit and all of its benefits,” Mayor Lori Lightfoot said.
Many of the barriers erected by elected officials and civic leaders beginning in the 1930s to keep Black Chicagoans, Latino Chicagoans and White Chicagoans from living, working and playing in the same neighborhoods remain unchanged nearly a century later, according to a new study.
A proposal crafted by Housing Commissioner Marisa Novara is designed to bolster the city’s policy to encourage transit-oriented development by boosting incentives and increasing pedestrian safety while increasing the amount of affordable housing being built near train stations and along bus lines.
The Fight for Reparations Has Stalled in Congress. Here’s What They Look Like in State and Local Governments
From cash payouts to issuing extensive reports and building a bureaucratic system to examine what reparations could look like, here is what some local and state governments have done so far.
Efforts to rethink the policy and spur development on the South and West sides while preventing long-time residents from being displaced from the Northwest Side are starting to pay off, symbolized by the grand opening set for Friday of an apartment complex near the CTA Blue Line Logan Square station, Housing Commissioner Marisa Novara told WTTW News.