Affordable housing blocked by $80M Chicago Fire training facility
Between 2002 and 2007, those public housing buildings were demolished with a plan from the Chicago Housing Authority to build 775 public housing units at the ABLA Homes site, and to date, only 245 have been returned. The promise has fallen flat because that same land is set to see the Chicago Fire Training Facility be erected.
Massive rent hikes may finally be coming to an end, economist says
Rent prices are still at an all-time high for many tenants, but data shows asking rent prices have begun to slow.
Severe US housing downturn 'possible,' with prices falling 10%-15% over multi-year period, report says
In the case of “a more pronounced” U.S. housing downturn, Fitch analysts predicted that home prices could fall 10% to 15% in the next few years.
Chicago organization claims Hispanic Housing Development Corporation isn't doing enough to fix up vacant homes
A group called Humboldt Park Housing Project is protesting recent evictions by moving into a previously vacant house on North Washtenaw Avenue.
US new home sales drop to lowest level in 2 years
New single-family home purchases tumbled 8.1% to a seasonally adjusted annual rate of 590,000 units, the lowest level since April 2020.
CHA to settle lawsuit by eliminating back rent owed by 'poorest of the poor' residents
The Chicago Housing Authority has agreed to wipe out back rent owed by some of the agency’s poorest residents to settle a federal class-action lawsuit, lawyers for CHA tenants announced Monday.
Past redlining practices linked to now-abandoned properties in Cook County, new report says
For the Cook County treasurer’s office, 19 lots that remain vacant in North Lawndale illustrate how redlining practices dating back decades continue to have ripple effects in Black and Brown communities.
