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

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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).

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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...