actionnow.org

On March 8th, 2009 The Sweet Home Chicago Coalition held a press conference to announce an ordinance that will use TIF (Tax Increment Financing) funds to combat the foreclosure crisis in Chicago. Even though there is a TIF surplus of 1.3 billion, only 4% has gone towards affordable housing. The ordinance would set aside 20% of TIF funds for affordable housing. There are 8 Alderman who came out in support of the ordinance.

"Why should they abandon these buildings and then we're stuck with that building there - worried about vandalism, crime and everything else? We don't want that in our neighborhood, and we're tired of that," said Action Now President Michelle Young.

To view the news coverage, click below:

"Aldermen to announce proposal to combat foreclosure crisis with TIF funds" on WGN News. Action Now President Michelle Young is quoted and interviewed on camera.

"Bringing TIF Back To Its Roots" on Progress Illinois. Action Now President Michelle Young is quoted and interviewed on camera.

Aldermanic Sponsors

1.         Ald. Walter Burnett, Jr.  27th Ward- Lead Sponsor

2.         Ald. Toni Foulkes           15th Ward

3.         Ald. Richard Mell          33rd Ward

4.         Ald. Joe Moore             49th Ward

5.         Ald. Ricardo Munoz      22nd Ward

6.         Ald. Ed. Smith               28th Ward

7.         Ald. Toni Preckwinkle   4th Ward

8.         Ald. Emma Mitts           37th Ward

9.         Ald. Bob Fioretti            2nd Ward

10.        Ald. Pat Dowell            3rd Ward

11.        Ald. Gene Schulter        47th Ward

12.        Ald. Lona Lane             18th Ward

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