NPR Reports on TFIP Foreclosure Findings
LCBH was featured in this NPR report on Chicago rental foreclosures:
More than 10 percent of the rental units in some of Chicago’s community areas are at risk of foreclosure, and those neighborhoods are mostly in African-American and Hispanic communities, according to a new study.
The Lawyers’ Committee for Better Housing’s Tenants in Foreclosure Intervention Project found that in 2010, some 5,904 of the city’s apartment buildings went into foreclosure, affecting more than 17,000 units. The numbers are about the same as in 2009, the first year that the Lawyers’ Committee produced such a study.
The most-affected neighborhoods create a sort of “foreclosure belt” in Chicago, according to the Committee’s legal director, Mark Swartz.
The Committee has documented many instances where renters have been coerced into leaving before their leases are finished.
“There’ll be people at the building demanding that tenants leave,” said Swartz, “telling tenants that there’s going to be an immediate board-up, and putting notes all over the property saying get out, or there’ll be a board-up crew coming to put you out.”
Swartz says those actions are often illegal, and the city should renew efforts to educate tenants about their rights when their building is in foreclosure.