Speaking to a group of South Side real estate executives recently, Brian White, the new executive director of the Cook County Land Bank Authority, tiptoed along a delicate line: His fledgling agency can help address the pernicious problem of abandoned homes—but it can’t help everybody. Referencing an investor in over his head with a distressed property in west suburban Maywood, Mr. White told the crowd that “my mandate doesn’t call for me to bail out his bad business decision…” Please click here to read Micah Maidenberg’s story in Crain’s Chicago Business.
A bank sweeping up the debris of the housing crisis
SSMMA
Comments