Chicago Wholesale Properties and Real Estate Investment Deals

Affordability and Stability Plan. Am I missing something? Eased restrictions on loans for borrowers and cash bonus incentives for the lenders that make these loans. Isn’t this how this industry happened to get in trouble in the first place?

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Bullet Points For The

Homeowner Affordability and Stability Plan
Fact Sheet
 
The deep contraction in the economy and in the housing market has created devastating consequences for homeowners and communities throughout the country. Millions of responsible families who make their monthly payments and fulfill their obligations have seen their property values fall, and are now unable to refinance [...]

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Mayor Richard M. Daley today announced the City’s five-year plan which commits $2.1 billion in support of 50,022 units of affordable housing. 
“Especially in these difficult economic times, the market place simply cannot produce enough affordable housing to meet the needs of low-and-moderate-income individuals and families. Government has to play a role, and once again, we [...]

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