Tuesday, October 18, 2011

Capitol Fax: Gaming the white flight program while blacks leave in droves

Rich Miller takes a look at who actually administers a little known government-run home equity program and how he's used this program to his own benefit. This program was created in a law back in 1988 and was designed to stop white-flight from Chicago. Then couple this with the fact that Blacks are leaving Chicago in droves and are either moving to the suburbs or moving out of state.

Then concludes:
Obviously, it’s way past time to end that state-sponsored white flight prevention program. It appears to be gamed too much anyway.
Go to the Capitol Fax and read up on this issue!
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1 comment:

  1. Worlee GloverOctober 18, 2011 at 2:29 PM

    The program is not new. It actually was started in Oak Park and then moved to Marquette Park and the rest of the Southside. The program was not that successful, only 6% of the eligible homeowners ever took advantage of the program.

    Several candidates running for Alderman in the 6th ward have mentioned they would push for a similar program for the ward.

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