A Revamped Tax Program Is Offering Relief To Homeowners On Chicago’s Northwest Side – WBEZ (Chicago)

The Northwest Home Equity Assurance Program was created more than 30 years ago to prevent white flight on Chicago’s Northwest Side. But that never happened and the program ended up a dormant organization flush with millions of dollars in unused cash. With a change in state law and new organizational leadership, the program offers loans for repairs, maintenance, remodeling or other improvements.

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

Read More »

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE