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Report: Illinois property law fails to end redlining impact
A practically 80-calendar year-old law intended to put distressed and tax-delinquent Chicago-place houses back to effective use has done minor to enhance or remedy racial inequities in the city’s Black and Latino neighborhoods, according to a review. A report introduced Tuesday by the Prepare dinner County treasurer’s business office proposes scrapping or modifying Illinois’ Scavenger Sale law in favor of tax-chopping and other systems that may well allow homeowners of shade to accumulate generational prosperity. Other recommendations include building lists of accessible home open up to the public, pushing for legislation lowering the interest price utilized by Prepare dinner County to delinquent home tax payments and making it possible for…
