Woodstock in the News

September 8, 2014

By Ellyn Fortino

Chicago's six-county region recorded 13,916 new foreclosure filings in the first half of 2014, a nearly 38 percent drop from a year ago and the lowest level reached since 2007, according to a report by the Woodstock Institute.

September 8, 2014

By Steven Jack 

Foreclosures in the Chicago area continue to decline, according to newly released real estate research that indicates foreclosure filings in the first half of 2014 decreased nearly 40 percent from the same time one year ago.

 

September 5, 2014

By Robin Amer

When James Kpoto bought his house in Minneapolis’ Jordan neighborhood in 2001, he knew he had made a terrible mistake. He moved to the 2300 block of Ilion Avenue North at the advice of his uncle, also an immigrant from Liberia. But his uncle didn’t tell him how bad crime was there — worse than in most other areas according to police data.

“There were shootings and killings almost every day,” Kpoto recalls. “It was scary.”

September 5, 2014

By Brian Honea

The number of foreclosure filings in a six-county region in Illinois that includes Chicago dropped by nearly 38 percent from the first half of 2013 to the first half of 2014, falling to its lowest level since 2007, according to data released by the Woodstock Institute on September 4.

September 5, 2014

By Michael Romain

The more low-income and the more minority a Census tract is, the harder it is for businesses within that tract to access credit, report says

September 5, 2014

By Mary Ellen Podmolik

Initial foreclosure filings during the first half of the year were at their lowest level in the Chicago area since 2007, new data shows, but getting homes through the process and out on the other side continues to slow the local housing market's recovery in some communities more than others.

September 2, 2014
In 2010, Jimmie and Tiffany Williams received a small loan from Accion Chicago to expand Just Us Lawn Care Inc., a South Side landscaping and snow-removal business. Since then the company has blossomed, adding jobs and income that reverberate through their neighborhood economy.
August 29, 2014
Local economies suffer when neighborhood businesses can't get loans to grow, hire new workers and generate economic activity.
August 29, 2014

Small businesses in low-income, majority minority neighborhood in the Chicago area were less likely to receive loans between 2008 and 2012, according to a new report by the Woodstock Institute.

August 26, 2014

The costs and risks of overdraft protection are not well understood by many Americans. So it's no surprise that a new study using mystery shoppers found that big banks' explanations of overdraft protection programs are inconsistent and unclear.

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