Low Income

A Step in the Right Direction: Chicago's Expansion of Vacant Building Registrations

This is the Title page from the report. It is of a dilapidated room.

Comparing the Chicago vacant building dataset with HUD/USPS data shows substantial differences in the number of units reported, although those may be largely the result of the differences in the reporting criteria for the two datasets.  Despite the differences in reporting criteria, both datasets reflect the effects of decades of disinvestment and population loss that have been concentrated in lower-income neighborhoods and communities of color within the city, the disproportionate impact of the foreclosure crisis in those same neighborhoods, and the failure of those neighborhoods to b

Comment Letter to the Office of the Comptroller of the Currency Regarding Concerns Over the Closure of Chase's West Garfield Park Branch

Woodstock expresses deep concerns over the closure of Chase Bank's closure of a branch in West Garfield Park, a majority minority, low-income community. Woodstock believes that the completeness and substance of the answers we received from Chase in regards to this closure are unsatisfactory and contends that mobile and online banking alternatives will fail to meet the banking needs of the population.

New Bank of America Product Represents an Interesting Mortgage Development

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Bank of America is announcing a new mortgage that will allow potential home buyers with income below the area median and a credit score of at least 660 to get a mortgage with as little as a 3 percent down payment.  The new loan will not require private mortgage insurance and will not be insured by the Federal Housing Administration (FHA).  The bank is partnering with Self-Help Ventures Fund and Freddie Mac for this program.  Bank of America wi

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