An innovative campaign to move “home-less people into people-less homes.”

Seth Dixon‘s insight:

Chicago’s poorer neighborhoods have experienced a severe decline as homes are being foreclosed at an alarming rate (62,000 vacant properties in Chicago and 40% of the homes underwater on the South and West Sides).  When sections of a neighborhood are left vacant or in disrepair, it can have a lead to negative impacts on the community.  To combat both the homelessness issue and the vacant home problem at the same time, “Cook County now plans to form what will become the nation’s largest land bank, an entity that will acquire thousands of vacant residences, demolishing some, turning others into much-needed rentals and holding onto others until they can be released, strategically, back into the market.”   

Tags: Chicago, housing, urban, economic, poverty, place, socioeconomic, neighborhood.

See on www.nytimes.com