Seeking to Fill Vacant Housing, Cook County Land Bank Looks to Partner with Maywood

Nearly two years after the Cook County Commission unanimously passed an ordinance to create the Cook County Land Bank Authority, the bank is looking to make inroads into Maywood.

This year has been something of a watershed for the infant organization, which is tasked with obtaining “properties in areas that may be risky but are ripe for a turnaround, clear title to them and find a suitable developer,” according to the land bank’s Executive Director Brian White during an interview with the Chicago Tribune.

In July, The PrivateBank extended a $10 million working capital line to developers that acquire properties from the bank. The PrivateBank’s direct investment is the first of its kind for the authority…Please click here to read Michael Romain’s blog post in the Village Free Press.