Posts About Foreclosure

Latino homeownerHomeownership has long been synonymous with the “American Dream:” a means of building wealth and a tangible symbol of upward mobility, a sign that the best is yet to come. For many immigrants, Latino and otherwise, el sueño de la casa propia is also a symbol of full integration into life in the United States. As National Homeownership Month, June provides an opportunity to pause and reflect on how to support strong aspirations of homeownership in immigrant and Latino communities.

Still, Latinos and immigrants must overcome a unique set of hurdles to make their dreams of owning homes an attainable goal. The economic woes of the Great Recession exacerbate other challenges for... Continue Reading

Posted In: Housing, Foreclosure, Affordable Housing

ForeclosuresThe foreclosure crisis has had a significant impact on the City of Chicago, changing the landscapes of community areas and contributing to the decline in the city’s population. National and regional organizations such as the Woodstock Institute and the Latino Policy Forum have conducted extensive research on the foreclosure crisis and its impact on various racial and ethnic groups. Woodstock Institute analysis  reveals how predatory and subprime lenders targeted and preyed upon Latinos and other communities. The effects of these predatory loans—combined with those of the general financial crisis—have had a significant impact on Latino communities in Chicago.

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Posted In: Housing, Foreclosure
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