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Tax sale process hits Black homeowners hardest

The property tax sale process that can result in people losing their homes robs those communities of generational wealth, critics say. And Cook County’s last-chance fund to help make some of those homeowners whole is years behind in paying claims.

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Here’s What the Bring Chicago Home Measure Would Do

Editor’s note: The story has been corrected to note that the proposed tax would be paid by the buyer of a home and applies to the entire value of any property of more than $1 million. With Chicago’s upcoming mayoral election moving squarely into the spotlight, a wide coalition of advocates and city officials are…

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Investigations

Program to Help Formerly Incarcerated Chicago Residents in Jeopardy after FTX Implosion

The future of a pilot program aimed at helping formerly incarcerated Chicago residents hangs in the balance after the company that was supposed to pay for it, cryptocurrency giant FTX, recently imploded amid allegations of fraud before paying most of its promised $1 million grant. FTX’s participation was announced to great fanfare by Mayor Lori Lightfoot in May when the cryptocurrency exchange moved its…

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