Pullman Gets $1.5 Million for Housing Efforts

CBS Article & Video  - See Video Below
Chicago Tribune Article - Affordable historic home revitalization underway in Pullman
Curbed Chicago - City & State to Rehab 35 Buildings in Historic Pullman District

ATTORNEY GENERAL MADIGAN ANNOUNCES $1.5 MILLION FOR PULLMAN AFFORDABLE HOUSING INITIATIVE    

National Foreclosure Settlement Funding To Advance Neighborhood Rebuilding, Preservation Effort    

Chicago — Attorney General Lisa Madigan today announced she has awarded $1.5 million to support an affordable historic home revitalization project underway in Chicago’s Pullman neighborhood being led by the Chicago Neighborhood Initiatives (CNI).

The funding provided by Madigan stems from her lead role in obtaining a historic $25 billion national settlement with the country’s five largest bank mortgage servicers – Bank of America, JPMorgan Chase, Wells Fargo, Citibank and Ally Bank, formerly GMAC. The 2012 settlement addressed allegations of widespread robo-signing of documents and other fraudulent practices by banks during foreclosure proceedings. READ MORE...