Monthly Archives: July 2014

The PrivateBank and the Cook County Land Bank Authority (CCLBA) announced the creation of a new partnership to help eligible participants realize the dream of homeownership by investing in rehabbing vacant homes in Cook County. Investors “are not the highest and best use,” said Bridget Gainer, Cook County Commissioner and Chairman of the CCLBA. “There are a lot of attractive homes, but the longer a home sits, the harder it is to rehab. The average home buyer has few financing options for purchasing homes needing extensive rehab, so this responds to the pent-up demand for housing from people who don’t [...]

On July 24, more than 180 representatives from government, community, and real estate firms heard loud and clear - the Cook County Land Bank Authority and South Suburban Land Bank and Development Authority are open for business and ready to put more than 55,000 vacant and abandoned homes, buildings and parcels back into productive use. The land banks and the Metropolitan Planning Council, in partnership with The PrivateBank, Chicago Rehab Network, Community Investment Corporation, Neighborhood Housing Services and Smart Chicago Collaborative, hosted the workshop to introduce participants to opportunities to partner with the land banks and to each other. The [...]