Uptown in the News
September 25, 2004
The Sun-Times has highlighted the lack of affordable housing for American families. While the assessment of national housing problems is accurate, minorities and lower-income families are making progress in Chicago, where affordable housing is clearly a priority. To help make housing more affordable to Chicago residents, the city is working with the federal government and the real estate and mortgage finance industry to offer creative and flexible financing programs, as well as bond programs and down-payment assistance programs.
A continued focus on making housing affordable and convenient could be the key element for accelerating economic expansion in Chicago's inner city. Here's why:
The Chicago community should continue to rally behind the mayor to support all affordable housing initiatives and to help our city achieve the community goal of homeownership.
Frank Wolff is regional manager for Market Street Mortgage, a retail originator of residential mortgage loans.
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