Cook County one step closer to tackling looming foreclosure problem
By Judith Ruiz-Branch
“Officials say they are one step closer to tackling Cook County’s lagging housing recovery. In a unanimous vote today, a preliminary committee passed legislation that aims to reduce foreclosures through a land bank. The land bank would reduce the number of vacant lots and buildings in the area and restore them so they can be used again…” Read More
Cook County considers land bank to help solve housing woes
By Christina Mlynski
“The Cook County Board of Commissioners continues to push for a county land bank that would acquire, manage and repurpose vacant and abandoned properties within the Chicago area. There are about 85,000 foreclosure filings pending in the Circuit Court of Cook County, up from 15,000 ten years ago. About 90% of the filings end in…” Read More
County official sees value in ‘land bank’ of foreclosed properties
By David Roeder
“Land banks, agencies set up to acquire vacant and foreclosed homes and make them community assets once again, work in Michigan, Ohio and New York and the idea should get a tryout here, said Cook County Commissioner Bridget Gainer. She’s spent a fair amount of time on land banks, examining their impact elsewhere, considering…” Read More