The city is acquiring 41 vacant residential properties, largely on the South Side, and turning them over to developers to renovate them.A housing "recovery" so weak, a big city like Chicago has 30,000 vacant residential buildings!
The Chicago Plan Commission voted unanimously yesterday to allow the city to acquire the properties, just a small fraction of the more than 30,000 vacant residential buildings within city limits.
Friday, July 18, 2014
Housing Recovery Update: Chicago to seize 41 vacant properties for rehab- 30,000 Residential Buildings Remain Vacant
Crain's Chicago Business reports:
Posted by Steve Bartin at 1:22 PM