Articles tagged 'Foreclosure'

Facilitated by the Chicago Community Trust’s Protecting and Advancing Equitable Homeownership initiative, the Institute for Housing Studies at DePaul University (IHS) partnered with the Urban Institute to develop a data resource for Chicago practitioners, policymakers, and advocates working to reduce the racial homeownership gap. Read more about Chicago Housing Overview: Preserving Affordability and Expanding Accessibility here.

This analysis uses a unique data set to document the loss of the 2 to 4 stock in Chicago neighborhoods in an effort to understand the different ways that market forces put pressure on this key segment of the city’s housing market.

To inform ongoing policy conversations related to the preservation of 2 to 4 buildings in Chicago neighborhoods, this report updates key contextual data on the stock of 2 to 4s in Chicago, and includes new data on the characteristics of the stock, foreclosure impacts, and the importance of 2 to 4s in communities of color and for households of color.

This guest blog, co-authored by a group of Chicago housing organizations, responds to IHS's recent analysis on the importance of and threats to 2 to 4 unit buildings in Chicago. It emphasizes the disproportionate health and economic impacts of the COVID-19 pandemic across Chicago’s communities of color; the potential implications for the stability of Chicago’s 2 to 4 unit housing stock; and the urgent need for coordinated actions to address existing needs of families that rely on the affordability that 2 to 4 flats provide.