May 21, 2014
"The purpose (of the Cook County Land Bank Authority) is to facilitate what people in the community are trying to do and we try to build off assets that are already in the community.
Our goal is to reform and make more meaningful and friendly, the process towards development."--Cook County Commissioner Bridget Gainer (10th Dist.).
Stories this photo appears in:
Cook County Land Bank Authority Receives Community Stabilization Funds
If the uptick in Cook County foreclosure rates continue, an additional 7,200 foreclosed properties including nearly 3,200 in the City of Chicago, will be added to area blight next year, according to the Woodstock Institute, a nonprofit research and policy organization that deals with lending, wealth creation, and financial systems reform.