August 6, 2014
Chicago Mayor Rahm Emanuel, Ill. Attorney General Lisa Madigan, 9th Ward Ald. Anthony Beale and Chicago Neighborhood Initiative (CNI) Board Chair, Rev. Merlon Jackson on Tuesday, joined representatives of several housing advocates to announce the funding provided by Madigan and stems from her lead role in obtaining a historic $25 billion national settlement with the country’s five largest bank mortgage servicers. The 2012 settlement addressed allegations of widespread robo-signing of documents and other fraudulent practices by banks during foreclosure proceedings.
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Ill. Attorney Gen. Madigan Announces $1.5 Million towards Pullman’s Historic Homes Revitalization
Residents who live at or near 10729 S. Champlain in Chicago were surprised yesterday morning as several local elected officials gathered on the block to announce $1.5 million in funding from a 2012 national foreclosure settlement to support an affordable historic home revitalization initiative in the Pullman community.