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Foreclosure Crisis Impacts Chicago's Rental Housing Market
Publication Date: May 2008
Publisher(s): Woodstock Institute (Chicago, Ill.)
Author(s): Geoff Smith
Special Collection: John D. and Catherine T. MacArthur Foundation
Topic: Economics (Property and wealth)
Keywords: Rental housing; Affordable housing; Foreclosure
Type: Report
Coverage: Illinois
Abstract:
An analysis of 2007 foreclosure filings shows that 35 percent, or over 4,800 foreclosure filings, were on 2- to 6-units multifamily properties. Communities with the highest concentrations of foreclosures on 2- to 6-unit properties include West Garfield Park, East Garfield Park, Austin, Humboldt Park on the West Side and New City, Englewood, and West Englewood on the South Side.