In a report published Monday, the Chicago Reporter found that Chicago is the the nation's capital for "high-cost" home loans. The study, looking at three years' worth of federal home-loan data, showed that in 2006, "the Chicago-Naperville-Joliet metropolitan statistical area, which includes Cook, DeKalb, DuPage, Grundy, Kane, Kendall, McHenry and Will counties" led the nation, with 88,315 “high-cost” mortgages. "High-cost" mortgages are defined as first-lien home loans that are at least three percentage points above...
Results tagged “urbandevelopment”
Lakefront beach photo via scrapplequeen on Contribute. You can feel the heat radiating just by looking at this photo!
After much speculation, former Chicago alderman Edwin Eisendrath has decided to challenge Governor Blagojevich in the Democratic primary this coming spring. Edwin currently serves as Vice President of Academic Affairs for Kendall College. Prior to that he served as alderman for the 43rd ward from 1987 to 1993 and headed the Chicago regional office for the Department of Housing and Urban Development from 1995 to 1997 under President Clinton. Eisendrath lost a 1990 bid...
Racial segregation (either voluntary or systemic) has long been a problem in Chicago housing. Today a federal study throws light on the difficulties that Chicago’s disabled population experiences when pursuing rental properties.
Today, in a settlement reached regarding a suit filed by the American Civil Liberties Union of Illinois, the Defense Department agreed to warn U.S. military bases worldwide that they cannot sponsor Boy Scout troops. The suit claimed that the government supported a group that requires members to believe in God. DOD employees and other service members can continue to lead troops on their own time and troops can also continue to hold meetings on military bases in areas designated for civilian organizations.
The Starbucks at 71st and Stony Island celebrated its July opening yesterday, and Magic Johnson, Mayor Daley, and Alderman Leslie Hairston (5th) were on hand for the ceremony. The tone wasn't all smiles and caffeine though, as Daley, of course, unleashed some haterade.
