Worth
Real Estate
City Selling North Lawndale Lots For $1, Subsidizing Development Through New Middle Class Initiative
NORTH LAWNDALE — The city is working to increase North Lawndale’s housing stock by selling vacant lots for $1 and subsidizing development on those lots for those willing to build housing for the middle class. The Department of Planning and Development on Tuesday announced the Missing Middle Infill...
The Cook County Land Bank hits milestone of 2,000 rehabbed homes
A Cook County program that helps redevelop abandoned homes in disinvested parts of the city and suburbs celebrated a milestone Thursday on Chicago’s South Side. A gray, 4,500-square-foot Victorian home on a double lot in the Auburn Gresham neighborhood is the 2,000th property developed through the Cook County Land Bank Authority, officials said.
Paul Roldan retiring from Hispanic Housing Development Corporation
CHICAGO (CBS) -- After decades of dedication to his mission to make Chicago's gentrifying neighborhoods more affordable, Hispanic Housing Development Corporation president and CEO Hipolito "Paul" Roldan is retiring.As he prepared to end a remarkable career, Roldan recently showed off his newest accomplishment – an apartment building in the heart of Humboldt Park, where tenants pay only what they can afford. But his journey started decades ago with a mission to stabilize gentrifying communities like Humboldt Park."I was the first employee of Hispanic Housing back in 1976. So that's how it got started," he said.Now, at 81 years old, his...
Editorial: Northwest Side Housing Preservation Ordinance is a terrible idea
At the behest of several progressive aldermen, including Carlos Ramírez-Rosa, 35th; Daniel La Spata, 1st; Jessie Fuentes, 26th; Byron Sigcho-Lopez, 25th; Ruth Cruz, 30th; Felix Cardona, 31st; and Rossana Rodríguez-Sánchez, 33rd, the Chicago City Council quietly (but overwhelmingly) passed something called the Northwest Side Housing Preservation Ordinance last week. As with so many of these ...
Ravenswood Presbyterian Church Property For Sale As Parish Plans Move To Mayfair
RAVENSWOOD — After more than 100 years in the neighborhood, Ravenswood Presbyterian Church’s leaders are moving its parish to Mayfair this fall and have put their longtime home on the market. At one time, the nearly 40,000-square-foot property at 4300 N. Hermitage Ave. served a congregation of nearly...
South Shore Group Wants Homeowners Prioritized Over Renters In Housing Ordinance
SOUTH SHORE — A South Shore group is pushing to drastically change a proposed neighborhood housing ordinance and its slate of protections for low-income renters to instead prioritize middle-class homeowners. The campaign, which unofficially launched with a Tuesday meeting led by the nonprofit Neighborhood Network Alliance, comes almost exactly...
Real estate pros on how $1 billion could be invested in Chicago
The White Sox and the Bears are seeking public funds to build new stadiums. Here are other ways taxpayer money could be used. The Urban Land Institute and the Real Estate Center at DePaul University recently asked 300 real estate professionals to weigh in on how $1 billion in taxpayer money could be invested in Chicago instead of having it go toward new stadiums for pro sports teams.
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