Add news
March 2010April 2010May 2010June 2010July 2010
August 2010
September 2010October 2010
November 2010
December 2010
January 2011
February 2011March 2011April 2011May 2011June 2011July 2011August 2011September 2011October 2011November 2011December 2011January 2012February 2012March 2012April 2012May 2012June 2012July 2012August 2012September 2012October 2012November 2012December 2012January 2013February 2013March 2013April 2013May 2013June 2013July 2013August 2013September 2013October 2013November 2013December 2013January 2014February 2014March 2014April 2014May 2014June 2014July 2014August 2014September 2014October 2014November 2014December 2014January 2015February 2015March 2015April 2015May 2015June 2015July 2015August 2015September 2015October 2015November 2015December 2015January 2016February 2016March 2016April 2016May 2016June 2016July 2016August 2016September 2016October 2016November 2016December 2016January 2017February 2017March 2017April 2017May 2017June 2017July 2017August 2017September 2017October 2017November 2017December 2017January 2018February 2018March 2018April 2018May 2018June 2018July 2018August 2018September 2018October 2018November 2018December 2018January 2019February 2019March 2019April 2019May 2019June 2019July 2019August 2019September 2019October 2019November 2019December 2019January 2020February 2020March 2020April 2020May 2020June 2020July 2020August 2020September 2020October 2020November 2020December 2020January 2021February 2021March 2021April 2021May 2021June 2021July 2021August 2021September 2021October 2021November 2021December 2021January 2022February 2022March 2022April 2022May 2022June 2022July 2022August 2022September 2022October 2022November 2022December 2022January 2023
News Every Day |

Single-family lending drives neighborhood disparities, new report finds

An old firehouse that once housed Engine Company 84 is being repurposed for a new development by the INVEST south/west initiative at 6204 S. Green St. in Englewood, Tuesday, September 27, 2022. Anthony Vazquez/Sun-Times

An old Englewood firehouse that once housed Engine Company 84 is being repurposed for a new development under Mayor Lori Lightfoot’s Invest South/West initiative.

Anthony Vazquez, Anthony Vazquez/Sun-Times

Single-family home lending is one of the biggest drivers of disparities among Chicago’s neighborhoods, according to a new report from the Urban Institute.

A report released Wednesday by the Urban Institute — a Washington, D.C.-based think tank — examines the types of investments in Chicago during the time period of 2010 to 2020. Brett Theodos, a researcher at the institute, said analysts spent about a year looking at the different types of capital flows into the city and seeing how it compared with investments in other cities across the country.

Chicago can double down on efforts like making communities safer to attract more investments in single-family home lending, but other forms of investment also have to happen, he said. He cited Chicago’s Invest South/West, designed to spur development in targeted parts of the city through public and private funding, as one example of how more investments could be directed into neighborhoods.

The report found that the more Black residents who lived in a neighborhood, the less investment the area saw compared with neighborhoods with a larger population of white residents.

Between 2010 and 2020 for single-family investment, neighborhoods where more than 80% of residents identified as Black received an average annual investment of dollars per owner-occupied household of $5,050. Neighborhoods where more than 80% of residents identify as white received $30,284, according to the report. Neighborhoods where more than 60% of residents identified as Latino or Hispanic received $6,667, and neighborhoods where more than 20% of the population identified as Asian received $15,353.

“It really is especially the work of mission finance as well the public sector to help even out some of these disparities and help catalyze and spur growth and more investment,” Theodos said. “Obviously, it needs to be done in a way that builds off of residents who are there rather than swapping them out for other residents. It is something where it’s going to take philanthropy, nonprofits, government who are willing to take more risks to get them to move forward.”

The findings from the Urban Institute aren’t the first time that home lending has been linked to Chicago’s racial disparities. In 2020, an investigation by WBEZ and City Bureau found that banks invested more money in Lincoln Park, a neighborhood with a majority white population, than they did in all of Chicago’s majority-Black neighborhoods combined.

The Urban Institute’s report looked at data from the Home Mortgage Disclosure Act from 2010 to 2020 for loans associated with owner-occupied single-family properties that had less than four units, according to the report.

Though there are various local, state and federal programs, Theodos said officials should look at how the programs can all be tied together to increase investments into communities.

“Small amount of resources are not going to make the difference, but mobilizing and directing large amounts of resources is what it will take to be transformative,” he said.

Overall, Chicago ranked 40th out of 100 large U.S. cities for investments that included single-family, multi-unit, small business, non-residential, mission-driven and public investments. Theodos said the city has strong industrial properties and a central business district that sees investments.

Areas such as the South Loop and West Loop saw larger levels of overall investment during the decade researchers examined, according to the report.

Multi-family investments, which the report defined as lending for properties with five or more units, was one of the areas where Chicago lagged behind other cities, ranking at 65th, according to the report. This type of investment rose between 2015 and 2017, but it had slowed to lower levels by 2020, according to the report. Theodos said that could be tied to Chicago’s population trends.

The report takes into account the beginning of the coronavirus pandemic, but it does not account for all the changes that could have taken place over the last couple of years. Theodos said commercial investments, especially for office spaces, could see a change compared to 2010-2020. Single-family investments could also see a change because of rising interest rates associated with lending, he said.

“Things are changing, but it wasn’t like there was as dramatic a change to investment flows as there was say to the labor market,” Theodos said.

He added that cities have also received federal funds as part of COVID relief efforts and will soon also receive money tied to infrastructure and transit.

Elvia Malagón’s reporting on social justice and income inequality is made possible by a grant from The Chicago Community Trust.

Marvel Projects Coming In 2023 We Simply Can't Wait For

Dumb Things In Marvel's Phase 4 That Didn't Make Any Sense

Masturbation is KILLING Your Strength! (NEW RESEARCH)

How to Fall Asleep in 60 Seconds (OR LESS)

Read also

Rex Ryan Suggests Surprising Landing Spot For Tom Brady

BREAKING: Buhari now free to come Kano, says Ganduje

We’re dehumidifier experts – the mistakes people always make with theirs and how to ensure yours is the most effective

News, articles, comments, with a minute-by-minute update, now on

News Every Day

What has happened this MLB offseason? A look at all the moves made in the AL and NL Central. — latest news 24/7. You can add your news instantly now — here

News Every Day

What has happened this MLB offseason? A look at all the moves made in the AL and NL Central.

Sports today

Новости тенниса
Australian Open

Российская теннисистка Корнеева выиграла юниорский Australian Open-2023 в Мельбурне

Спорт в России и мире

Шахматы: подведены итоги 5 тура Кубка Главы Якутии

All sports news today

Sports in Russia today


Дубль Тюкавина принёс «Динамо» победу в товарищеском матче с боснийской командой

Новости России

Game News

Журналисты попытались узнать у Intel, почему процессоры компании стоят в ноутбуках «Горизонт»


Гороскоп и главный совет на весну 2023 года для каждого знака зодиака

Губернаторы России

Шапки от Y're – подарки для двоих к 14 февраля

В Москве из-за угрозы взрыва эвакуировали посетителей концертного зала «Измайлово»

Михаил Александров: Последний брифинг Марии Захаровой стал квинтэссенцией проазербайджанской пропаганды

Гороскоп и главный совет на весну 2023 года для каждого знака зодиака

МК: Госпитализированный Николай Дроздов удивил врачей странной выходкой

Пользователи Сети подозревают Джигана в получении гражданства Израиля

Анастасия Волочкова поддержала певца SHAMAN в шоу журналистки Жигаловой

Аранжировка Песен. Аранжировка Музыки. Создание Аранжировок.

Аранжировка Музыки и Песен купленных у нас и под заказ.

"Да здравствуют русские": Отец Новака Джоковича передал привет из Австралии "братьям в Москве"

Александр Лукашенко отпраздновал победу Арины Соболенко на Australian Open

Бой с Романовым ничего не даст Волкову, считает Слипенко

Чемпион АСА назвал Романова фаворитом в поединке с Волковым

Завершился очередной проект Степанакертского пресс-клуба. Фоторяд

Гороскоп и главный совет на весну 2023 года для каждого знака зодиака

Россияне рассказали, куда полетят отмечать февральские праздники

Руководитель Гидрометцентра Вильфанд: самые холодные дни зимы в Москве будут теплыми

Дубль Тюкавина принёс «Динамо» победу в товарищеском матче с боснийской командой

«Такая легкая»: партнер онкобольной Заворотнюк сделал признание перед выходом нового сериала с ее участием

Природа России 66

Руководитель Гидрометцентра Вильфанд: самые холодные дни зимы в Москве будут теплыми

Российское судно прибыло в южноафриканский порт Кейптаун в рамках экспедиции в Антарктику

Дорожный конфликт в Кудрово закончился стрельбой из сигнального пистолета

Ночная атака на Иран. Союзника России бьют дронами после провала местного Майдана

Андрей Соколов вспомнил, как однажды отвез Джима Керри в лес

Путин в России и мире

Персональные новости


Жена Джигана дразнит завистников: «Как там говорят — опять голая Самойлова. Да, мы по-прежнему отдыхаем»

News Every Day

How to Fall Asleep in 60 Seconds (OR LESS)

Friends of Today24

Музыкальные новости

Персональные новости