Aiming to rebuild public confidence (Crains Chicago Business)—Meg McSherry Breslin chronicles how non-profits and foundations are looking to inspire confidence in charities and maintain funding levels in a recession. –Beverly Berryhill, Office Manager Does football have a future? (New...
This policy brief summarizes the findings of “Left Behind: Troubled Foreclosed Properties and Servicer Accountability in Chicago.” It describes troubled foreclosed properties, highlights key findings, and summarizes the policy recommendations in the report.
“I just got a summons from my credit card company,” he said worriedly. I asked him what the company was going to do. “Nothing, I guess,” he responded. “I have no money; I can’t stop paying my rent. They...
bridgingthegaponepager_jan2011_nycaddendum_0.pdf This fact sheet examines patterns in credit scores in New York City in 2007. The fact sheet explains how credit scores are used and describes sharp disparities in credit characteristics between communities of color and white communities in...
Tax refund time is an important opportunity to build savings, particularly for low-wealth households who receive the Earned Income Tax Credit (EITC). The Earned Income Tax Credit for lower-wage workers ranged from $457 to $5,657, based on household size,...
By Curtis Black January 27, 2011 After a West Side activist group announced plans to take over and board up a building abondoned following foreclosure, the city moved within hours to have the building demolished, said Elce Redmond of...
By Frank Kalman January 27, 2011 More homes were repossessed in the Chicago area last year than in all but one U.S. metro area, according to a new report. Lenders took back 45,555 properties here in 2010, a 20%...
By Kate Berry January 27, 2011 Mortgage servicers have refused to complete foreclosures on thousands of vacant homes in Chicago because they do not want to pay the cost of maintaining the homes, according to a report this month...
By Micah Maidenberg January 26, 2011 Owners of dangerous vacant buildings in Chicago could face up to six months in jail for failing to properly maintain their properties, according to an ordinance that advanced out of the City Council’s...
Lasers Control Nematode Worms Like Robots (Wired Science)—Scientists have figured out how to control nematodes’ cells using tiny lasers, making them stop, turn, and lay eggs on command. Named after Stephen Colbert for his vision of an army of...