Mary Ellen Podmolik – Page 17

Developers face bigger fees if they miss affordable housing quota

June 18, 2018 at 4:07 a.m.

Developers of some of Chicago's highest-priced apartments and condominiums will have to create affordable housing or write even bigger checks if City Hall pushes through an affordable housing ordinance expected...

Fannie, Freddie unveil 3 percent down-payment programs

June 18, 2018 at 4:08 a.m.

Fannie Mae and Freddie Mac on Monday spelled out the terms under which they will accept mortgages with down payments of as low as 3 percent from first-time buyers, but...

Owner of Chicago’s old main post office seeks partner or buyer

June 18, 2018 at 4:41 a.m.

A for-sale sign is going up on Chicago's old main post office — again. Monaco-based developer Bill Davies, whose firm bought the behemoth structure that straddles Interstate 290 five years...

A tax break to help homeowners who sold in a short sale during 2014 was signed by President Barack Obama on Friday.

Short-sale tax break passes House, on to Senate

June 18, 2018 at 4:30 a.m.

A bill that would extend a key tax break to tens of thousands of financially distressed homeowners who sold their homes this year for less than they owed passed the...

Improving Chicago construction sector still has work to do

June 18, 2018 at 4:48 a.m.

The construction of single-family homes and other small to midsize construction projects in Chicago has continued to improve by one measure, but remains far below its pace set before the...

Cook County sues Wells Fargo over lending practices

June 18, 2018 at 5:09 a.m.

Cook County has filed a federal lawsuit against a third mortgage lender, alleging that unfair, predatory lending and loan serving practices, particularly in minority communities, violated the Fair Housing Act....

Chicago-area home prices drop in September

June 18, 2018 at 5:20 a.m.

Home prices in September in the Chicago area declined for the first time in seven months but remain above their year-earlier levels, according to a widely watched national housing barometer...

South Side apartment building among 3 Chicago energy efficiency stars

May 20, 2019 at 7:20 a.m.

To say the 55-unit building in Chicago's South Shore neighborhood was in disarray when it was changing hands in 2009 would be an understatement. "It was completely dilapidated," said Sandeep...

Door closes on Welcome Home Illinois program

June 18, 2018 at 5:48 a.m.

Illinois is ending a popular mortgage down payment assistance program a bit earlier than planned, since the $80 million pot has been exhausted. Welcome Home Illinois, started in spring and...

Chicago-area home sales down, but prices up

June 18, 2018 at 6:00 a.m.

Sales of existing homes in the Chicago area recorded the fourth consecutive year-over-year decline in October, but quite a few area residents may be getting a new home for the...

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