April 11, 2014
Zombie properties will make it harder for Cook County to recover fully from the housing crisis, especially in the neighborhoods where they are concentrated. Zombies introduce an element of uncertainty that poses barriers to returning homes to productive use or finding creative ways to deal with blighted properties."--Spencer Cowan, vice president of Woodstock Institute.
Stories this photo appears in:
Cook County Lawsuit Claims Predatory Lending Practices by Two Major Banking Institutions
Neighborhoods on Chicago’s south and west sides have numerous vacant and boarded up homes--some the result of the recent recession and some the result of predatory lending, according to Mayor Rahm Emanuel who made the comments during a recent conversation with the Chicago Citizen Newspaper.