NTIC connects Chicago's rising foreclosures to increasing sub prime and predatory lending
In December, the National Training and Information Center
held a Chicago Foreclosure Crisis Meeting and brought together
community leaders, government officials, financial industry representatives
and
foundation stakeholders concerned about the financial and social impact
of foreclosures in low-income and minority neighborhoods.
This meeting sparked great interest and concern about how to stop the increasing number of foreclosures. In January, Chicago Mayor Richard Daley traveled to the U.S. Conference of Mayors annual winter meeting and used NTIC's foreclosure research in his presentation on the health of families in Chicago's neighborhoods. In early February, Neighborhood Housing Services and the Federal Reserve Bank of Chicago convened a meeting of stakeholders and used NTIC's research to promote their new initiative for reusing vacant bank-owned properties that is the result of recent foreclosures. On February 27, the Chicago Tribune featured NTIC's research and showed how the research made the connection between the rise in foreclosures and surge in predatory and subprime lending.
To see the the NTIC Chicago Foreclosure Crisis Analysis (December, 2002) in pdf format, click here.
Community Survival
NTIC convenes 32nd annual
Leadership Meeting: brings over 150 community leaders from 22 states
CDBG Allocation
Community groups call for more funding
for affordable housing in low-income neighborhoods
1st Quarter Accomplishments
NTIC receives honors, awards and
appoinments during the first three months of 2003
Partnerships and New Relationships
NTIC staff meets with foundations
from across the country during 2003's first quanter
On the Road
NTIC staff provides training
and technical assistance to grassroots organizations around the country