Monthly Archives: August 2018

By TJ Armour, N'Digo | August 20th, 2018 (Click here for the original article) Since its creation in 2013, the Cook County Land Bank Authorityhas worked hard to reverse the effects of the 2008 mortgage crisis by taking tax delinquent, vacant properties in south and west side neighborhoods and getting them back to a useful purpose. They've removed barriers that have existed for years in turning these properties around because they have the authority to quickly acquire them, eliminate all back taxes and fees associated with them and offer them to people in the community to purchase and rehab at below market [...]

By Corilyn Shropshire, Chicago Tribune | May 1st, 2018  (Click here for the original article) Continuing its quest to spruce up city and suburban neighborhoods, the Cook County Land Bank is putting 3,189 vacant lots up for sale. The lots will be made available at below-market rates to individuals, developers and organizations. The land bank is hoping those who buy the properties will redevelop them in ways that meet community needs, by creating amenities like public gardens, play lots and basketball courts. Most of the vacant lots are in areas hit hard by the 2008 foreclosure crisis and are delinquent on taxes. [...]

By Becky Vevea, WBEZ Chicago | May 1st, 2018  (Click here for the audio clip) More than 3,000 vacant, tax-delinquent properties across Cook County go up for sale Tuesday at below-market rates, as part of a government program to get blighted homes back on the tax rolls. It’s the latest move by the Cook County Land Bank Authority, which was formed in 2013 after the housing crash to deal with the tide of newly vacant and abandoned properties in Chicago and the suburbs. Officials there are hoping the addition of the 3,189 vacant lots to the land bank’s portfolio will further help break a [...]