FOX News does not research their reporting of any stories. They write what they think and not the facts. Below is proof that Mayor Emanuel is seeking to improve the conditions in Chicago and build neighborhoods. The O'Reilly Factor reported he was incompetent. My words, but, that is basically what it said. No facts, just accusations. Realizing what a dynamic person he is, I find it hard to believe Rahm would be anything but a perfectionist. That has been his history as a legislator. Why would he not do that as a Mayor? FOX News should be sued for slander.
The mayor is trying to push back against that so buildings are not havens for the drug economy.
Posted: 05/ 3/2012 3:53 pm Updated: 05/ 3/2012 3:55 pm
According to the Houston Chronicle:
Buggs, Shannon. “Crime Makes Foreclosures Everbody’s Problem,” Houston Chronicle, June 2, 2008.
The authors of the study, Dan Immergluck of Georgia Tech and Geoffrey Smith of the Woodcock Institute.
"When a neighborhood has 2.8 foreclosures for every 100 owner-occupied properties in a year, violent crime in the immediate area goes up 6.7 percent."
The Houston Chronicle newspaper reported in 2008 that some criminals even break the locks on foreclosed homes, install new ones and then fraudulently rent out the home to unsuspecting victims.
The mayor is trying to push back against that so buildings are not havens for the drug economy.
Posted: 05/ 3/2012 3:53 pm Updated: 05/ 3/2012 3:55 pm
An ordinance approved (click here) last fall by the Chicago City Council that required financial institutions to maintain and secure foreclosed, vacant homes in their care appears to be responsible for a sizable, new contribution to the city's coffers.
In the first three months of 2012, the city has collected $619,000 in fines from financial institutions -- more than double what they collected over a similar time period last year -- because of the ordinance, WBEZ reports. Further, the number of vacant properties registered with the city is up considerably -- from 2,883 registered between November and April last year to 4,436 over the past six months.
The fines -- 2,500 in total -- were split between more than 150 financial institutionswho were found to have fallen short of the maintenance requirements laid out in the ordinance, CBS Chicago reports.
Mayor Rahm Emanuel outlined the data on vacant Chicago properties in a letter sent to Alderman Pat Dowell (3rd), who sponsored the ordinance on the matter last year, according to WBEZ....
Vacant buildings do pose a problem in any city. So, Chicago basically stated to those that own the empty buildings, "If you can't sell them at a reason price to put neighborhoods back together, then maintain them to reduce crime in the city. The fines aren't the real purpose, they are a result of the negligence of the financial institutions involved.
These financial institutions have caused the destruction of neighborhoods and now they are allowing the growth of crime. These buildings are empty well over a year when in fact they could have been sold at a reasonable price so people could actually build a community, an economy and increased value to the city's lands.
According to the Houston Chronicle:
Buggs, Shannon. “Crime Makes Foreclosures Everbody’s Problem,” Houston Chronicle, June 2, 2008.
The authors of the study, Dan Immergluck of Georgia Tech and Geoffrey Smith of the Woodcock Institute.
"When a neighborhood has 2.8 foreclosures for every 100 owner-occupied properties in a year, violent crime in the immediate area goes up 6.7 percent."
The Houston Chronicle newspaper reported in 2008 that some criminals even break the locks on foreclosed homes, install new ones and then fraudulently rent out the home to unsuspecting victims.
This is the first the foreclosure rates in Chicago has actually begun to slow and reverse. Congratulations, Mayor.
Chicago foreclosure rate slides (click here)
Updated: December 22, 2012 6:20AM
Foreclosure rates in the Chicago area slid to 5.99 percent in September from 6.35 percent a year earlier and from 6.17 percent in August, CoreLogic reported.
The percent of homes in foreclosure has fallen month-over-month in four of the past six months, the report showed.
The mortgage delinquency rate in the area fell to 10.37 percent in September from 10.47 percent a year earlier and in August, according to the report.
The percent of homes 90-days or more delinquent have fallen month-over-month for eight straight months.
