Northside Foreclosure Crisis

March 30th, 2009

Geoff Smith, Vice President of the Woodstock Institute and Attorney Dan Lindsey of the Legal Assistance Foundation.


WNUA Broadcast Date March 22, 2009.
 
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For those who live on the northside of Chicago – and even out in the suburbs – the housing crisis was something we only read about.  It was only affecting our south and west side neighbors.But as the recession worsens, and job-losses spread into every sector of the economy, northside communities are now seeing their homes foreclosed as well.  Middle-lass neighborhoods like Rodgers Park, Lincoln Square – even Lakeview – have seen sharp increases in forclosures since 2006.So what exactly does this mean?  Is this a sign that the recession is finally ‘bottoming out’ like experts said it would?  Or is it a sign that our economy is getting worse – if that’s possible?  And what are the new challenges organizations face as they shift gears and help a new group citizens?

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