Ashley Gross
Despite receiving federal funds to tackle foreclosures, city officials say you can’t help all neighborhoods at once or you’ll have no impact at all.
The city of Chicago has gotten $169 million from the federal government to revive neighborhoods hard-hit by the foreclosure crisis. But turning blocks around has been more challenging than expected, forcing the city to overhaul its strategy.
Chicago has gotten millions of dollars from the federal government to help neighborhoods recover from the foreclosure crisis. After initial stumbles, the city has now come up with an unusual strategy on how to spend it: creating more affordable rentals.
