Chicago, IL - August 20, 2008 - (RealEstateRama) —NeighborWorks® has announced the most generous contributors to its work in affordable housing, foreclosure intervention and community development for FY 2007.  The organizations were presented with the annual NeighborWorks® Partner Awards at a ceremony in Chicago on August 19. more »

WASHINGTON, D.C. - July 31, 2008 - (RealEstateRama) – U.S. Senators Dick Durbin (D-IL) and Barack Obama (D-IL) today released the following statement following President Bush’s announcement that Greene County is now eligible for Public Assistance.  According to FEMA, Public Assistance funds can be used to repair or replace disaster-damaged facilities and infrastructure.  more »

Low-income families, seniors, people with disabilities apply for summer energy assistance in record numbers
 
 CHICAGO, July 29, 2008 (RealEstateRama) – Governor Rod R. Blagojevich today sent a letter to members of Illinois’ Congressional Delegation urging them to support legislation that would increase funding to the federal Low-Income Home Energy Assistance Program (LIHEAP).  more »

DES PLAINES, IL and WASHINGTON D.C. – June 12, 2008 – Rebuilding Together, the nation’s lead nonprofit working to preserve affordable homeownership, and the National Association of the Remodeling Industry (NARI), the only national association dedicated exclusively to the remodeling industry,  have forged an alliance.  more »

Legislation Headed to House Floor

Chicago – Attorney General Lisa Madigan, State Representative Marlow Colvin (D-33rd) and State Senator Jacqueline Collins (D-16th) have initiated new legislation to assist struggling homeowners to help save their homes. more »

Blagojevich officials marked the 40th anniversary of federal Fair Housing Act and the one hundred-year anniversary of Springfield Race Riots of 1908 Deputy Governor Louanner Peters and Illinois Department of Human Rights present exhibit “Summer of Hate: A Modern Perspective of the Springfield Race Riot of 1908”

 CHICAGO – Governor Rod R. Blagojevich proclaimed April as Fair Housing Month in Illinois, in an effort to highlight the state’s continuous efforts to combat discrimination in housing and to mark the 40th anniversary of the passage of the federal Fair Housing Act. more »

New measure creates 60-day moratorium on foreclosure if families seek help

SPRINGFIELD – The Homeowner Protection Act, Senate Bill 1998, first announced by Governor Blagojevich last month and sponsored by Senator Jacqueline Collins (D-Chicago), cleared its first legislative obstacle earlier today when it was approved by the Senate Licensed Activities Committee. more »

Chicago Foreclosure Rate Second Highest Among Top 5 Metros
Illinois Foreclosure Activity Up 12 Percent

IRVINE, Calif. – March 28, 2008 — The eight-county Chicago metropolitan area reported 6,466 properties with foreclosure filings in February, an 8 percent increase from the previous month and a 20 percent increase from February 2007, according to the latest RealtyTrac U.S. Foreclosure Market Report. more »

Landlords allegedly discriminated against families with childrenWASHINGTON – The U.S. Department of Housing and Urban Development announced today that it has charged Chicago landlords Martin and Mary Giarelli with housing discrimination for allegedly refusing to rent to families with children and making discriminatory statements. The Fair Housing Act prohibits housing discrimination based on a person’s family status. more »

Owner’s online ad allegedly discriminated against men and families with children

WASHINGTON – The U.S. Department of Housing and Urban Development announced today that it has charged Cesar A. Lopez, a Chicago landlord with housing discrimination for posting an on-line ad that discriminates against men and families with children. The Fair Housing Act makes it unlawful for a housing provider to make, print or publish, in print or on-line, any statement or advertisement that states a preference based on race, color, national origin, religion, sex, familial status or disability. more »

HUD Secretary and Mayor encourage at-risk homeowners to attend city’s “Borrower Outreach Day”

 CHICAGO - Foreclosure does not have to be inevitable. That was the message from U.S. Housing and Urban Development Secretary Alphonso Jackson and Chicago Mayor Richard Daley today as they encouraged residents to attend a city-sponsored “Borrower Outreach Day.” Jackson and Daley visited the Tuley Park Field House where the city will be holding a workshop later today to support, educate, and assist homeowners in need of help keeping their homes. more »

CHICAGO - Governor Rod R. Blagojevich today is urging older adults and people with disabilities to apply for Illinois Cares Rx and Circuit Breaker benefits over the Internet now to get their benefits faster and to avoid any possible break in coverage next year.  The Governor is encouraging individuals to use the online application at www.cbrx.il.gov because it is the fastest way to get approved for the state’s prescription drug assistance program, Circuit Breaker property tax grants and $54.00 license plate discount.  more »

CHICAGO, Feb. 4 /PRNewswire-USNewswire/ — “As the sub-prime mortgage crisis depresses the commercial credit market, which until recently had fueled soaring real estate investment returns, emphasis now is shifting to improving operating results to drive property values,” said IREM(R) President Regina T. Mullins, CPM(R). more »

High-Style and Affordable Luxury in Trendy Boutique Setting

VERNON HILLS, IL (Jan. 30, 2008) - Hotel Indigo is bringing its third property to the Chicago area.  After a $4.5 million renovation and conversion from an AmeriSuites hotel, the Hotel Indigo Vernon Hills is scheduled to open in early spring.  more »

Catylist Inc, a Chicago-based software company, and Corporate Connection Online Inc., a Chicago-based market research company, have partnered to create a new commercial real estate listing service. more »