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8-29-09 HOPI Foreclosure Prevention Event
8-29-09 HOPI Foreclosure Prevention Event- Spanish
Lakeside Foreclosure Prevention Event 8-24-09
Top Stories
Rogers Park Rental Improvement Fund Offers Alternative for Landlords, Renters
A recent comprehensive report on how tax increment finance (TIF) districts are being used to meet the city's demand for affordable housing finds Chicago's strategy is simply not helping enough low-income households, given the tremendous demand for affordable housing. According to the report, since 1995 only 4% of TIF revenues have gone to support affordable housing in Chicago. This is for-sale housing affordable to households earning up to 80% of area median income and rental units affordable to households earning up to 60% of area median income. Lakeside is working with a number of groups in Rogers Park, led by Northside Power, to offer an alternative tax increment financing model, which addresses some of the major shortcomings of current TIF approaches.
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FHA Condo Rules Create New Options for Buyers, New Responsibilities for Associations

As part of its ongoing efforts to promote greater ownership and relieve pressure on owners seeking to sell, but unable to find qualified buyers, FHA recently announced changes in the approval process for condominium properties. Lakeside applauds these changes. And while it is impossible to summarize the 14-page mortgagee letter, which is the name for guidance documents issued by HUD, we have identified some key points.

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Western Avenue Survey Project Captures Imagination

Western Avenue on the far north side could be more than a convenient way to get from West Ridge and Rogers Park to Evanston or neighborhoods to the south. Vacant auto dealerships could become locations for anchor retail store.  Local restaurants, shops, and service providers could be given incentive to fill vacant storefronts and create new destinations.  Overall, the street could be beautified with landscaping, improved signage, and rehabbed facades.
 
These ideas were just some presented by 300 community residents and 42 businesses, who participated in a joint survey project conducted recently by Lakeside CDC and the West Rogers Park Community Organization. The survey results were presented by Lakeside’s Executive Director, Brian White, at a recent community meeting held at the Indo American Center.

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Condo Foreclosures Present Unique Challenges and Opportunities
Foreclosures in condominiums continue to drive foreclosure rates in far north side neighborhoods that are higher than the citywide average. They are also creating headaches for neighbors living in the condo development and the immediate neighborhood, especially when the foreclosures involve a failed and abandoned condo development. Lakeside has been identifying such properties, with the help of community residents and the City, in hopes of acquiring and redeveloping one or more of these properties into quality rental housing. The organization is also working to educate condo residents how to make the best of a bad situation when a foreclosure occurs in their building.
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Lakeside Joins Bedbug Busting Efforts!

For many households, bedbugs are more than the villain in a bedtime rhyme. They are a regular nighttime visitor, leaving behind painful welts and making life miserable for the unfortunate victim of their attacks. Bedbugs have become increasingly common across the City, according to tenant organizers at the Metropolitan Tenants Organization (MTO). In Rogers Park, more than 30 buildings have had recent incidents involving bedbugs, leading the Housing Committee of Partners for Rogers Park to take up the issue as part of a new educational campaign.

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What is Affordable Housing
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Survey Finds Different Renter Experiences by Race, Ethnicity
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Rogers Park Residents Call for Affordable Housing
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Lakeside Housing Audit Finds Threats, Opportunities in Rogers Park
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Lakeside Program Strengthens Condominium Associations
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Upcoming Events
Foreclosure Prevention Workshop
August 24, 2022 (5:15 PM)
Insurance For Community Associations
August 24, 2022 (5:30 PM)
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Lakeside CDC | 1652 W. Wallen Ave., Chicago IL 60626 | p. (773) 381-5253 | f. (773) 262-9402