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The Chicago Region's Foreclosure Problem Continued to Grow in 2008
Publication Date: January 2009
Publisher(s): Woodstock Institute (Chicago, Ill.)
Author(s): Geoff Smith; Sarah Duda
Funder(s): Woods Fund of Chicago; Chicago Community Trust; John D. and Catherine T. MacArthur Foundation
Funder(s): Woods Fund of Chicago; Chicago Community Trust; John D. and Catherine T. MacArthur Foundation
Special Collection: John D. and Catherine T. MacArthur Foundation
Topic: Banking and finance (Credit and loans)
Economics (Consumers and consumption)
Keywords: Trouble Asset Relief Program (TARP); Loan modification programs; Foreclosure
Type: Report
Coverage: Illinois
Abstract:
This report summarizes key foreclosure trends in the Chicago region for 2008 and updates Woodstock Institute reports and fact sheets released previously that illustrated key aspects of the foreclosure crisis such as the spread of the crisis to suburban communities, the potential impact of the foreclosures on Chicago's affordable rental housing market, and the growing number of foreclosures that were becoming bank-owned properties and likely sitting vacant. The report includes detailed appendices with data for City of Chicago community areas and municipalities in the Chicago Six County Area.