Client: Chicago Community Trust

Source: Crain’s Chicago Business

A bill that would make it easier to move tens of thousands of effectively abandoned residential lots back onto the tax rolls and into productive use has picked up some late-session momentum in Springfield, clearing a House committee this morning. Under the proposal pushed by Cook County Treasurer Maria Pappas and The Chicago Community Trust, an estimated 50,000 tax-delinquent properties that have not been claimed by anyone, most of them residential lots on the South and West sides, could pass into county control in three years or shortly thereafter, rather than going four, five, six years or longer as a neighborhood blight.