Sunday, June 13, 2010

Rogers Park condo foreclosures

"Rogers Park ranked fourth among Chicago communities with the largest number of home foreclosures per square mile in 2009, according to a study by National People's Action, a network of community organizations. But because there are few visible cues — boarded-up windows, blocks of For Sale signs — the Far North Side neighborhood does not paint a typical picture of a community in a housing crisis".

Read more at: The hidden housing crisis - Rogers Park hit hard by condo foreclosures
http://www.chicagotribune.com/news/city-foreclosures-rogers-park-20100611,0,2200723.story




But, we knew this already and developers are still proposing building more condos in Rogers Park. And, the Alderman is still taking campaign contributions from the developers before they present their proposals. And, proposals that supposidly require community support, are awarded by the Alderman without a community vote at the developers presentation event.