Bynan Group

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Why so many Americans can’t afford housing anymore The cost and toll of America's housing crisis is displayed in charts and statistics.

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Cook County property tax bills will again be late, Toni Preckwinkle says Toni Preckwinkle announced Tuesday she is again setting aside $300 million to loan to local governments to help them balance their budgets and pay their employees.

The HomeGrown Purchase Assistance Grant is being offered at a time when many city dwellers are finding it more and more difficult to become homeowners.

The $1.25 billion housing and economic development bond issued by Mayor Brandon Johnson and passed by the City Council in 2024 provides funding for the $21 million initiative. According to a spokesperson, HomeGrown is a one-time financial initiative, but if it is successful, the city may reevaluate the program.

The HomeGrown Purchase Assistance Grant, aimed at low- and moderate-income families, comes at a time when homeownership is becoming increasingly out of reach for many Chicagoans due to rising costs.

Nonprofit Housing Development

Novogradac Nonprofit Housing Developers Handbook The Novogradac Nonprofit Housing Developers Handbook introduces nonprofit organizations to the world of affordable housing development.

https://www.investopedia.com/heres-what-it-would-take-to-make-housing-affordable-11984443

Housing Affordability May Take Years To Recover Housing affordability remains out of reach for median-income households. Learn what changes are needed to make homes affordable again.

https://www.thestreet.com/real-estate/real-estate-small-business-investing-data-2026

Americans face decision after unexpected housing market news New housing data has investors weighing whether real estate is still the smartest place for their money, or whether a different path now competes.

Cook Co. sending out millions in property tax refunds after year-long delay

Cook Co. sending out millions in property tax refunds after year-long delay After a year of major delays to get Cook County property tax refund checks to residents, the ABC7 I-Team learned that the hold-ups are coming to an end and r...

Thousands of Chicago-area home listings removed from Zillow over dispute

Thousands of Chicago-area home listings removed from Zillow over dispute Thousands of Chicago-area home listings will no longer be featured ...

Tonika Johnson is taking a whole-block approach to reversing Chicago’s long-held inequities in housing, concentrating her resources on buying vacant lots, repairing people’s homes and bringing murals and sculpture all to a single block in Englewood.

“Because of the devaluation of everything around here, you have to invest in all of the block if you want to stabilize it,” Johnson said on a recent walk along the 6500 block of South Aberdeen Street. “It has to be all of it, not part of it.”

Like many blocks on Chicago’s South and West Sides, this block of Aberdeen is gap-toothed. Of about 42 lots, only 19 have buildings on them. House lots left vacant after demolitions decades ago hold property values down, which make it difficult for existing homeowners to find the funds for home repairs, which in turn devalues those houses more.

Johnson’s effort, called UnBlocked Englewood, is an attempt to break the cycle of decline and restore value in the homes that has been draining out of them since the 20th century’s days of redlining and contract buying.

About $1 million has been invested on the block in the past three years, according to Amber Hendley, part of the UnBlocked Englewood team, and as much as $1 million more may be spent.

Read more here: https://www.chicagobusiness.com/real-estate/residential/ccb-tonika-johnson-unblocked-englewood-20260512/?utm_source=facebook&utm_medium=soc-own