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FHLBank Chicago Offers $50 Million in Interest Rate Subsidies to Expand Affordable Housing

FHLBank Chicago Offers $50 Million in Interest Rate Subsidies to Expand Affordable Housing

by Phil Hall | Jul 16, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Home Loan Bank of Chicago (FHLBank Chicago) announced it will allocate $50 million in interest rate subsidies to expand affordable housing, economic development, and community partnerships in Illinois and Wisconsin through its new Community Impact Advance...
Ex-Illinois Bank President Admits to Real Estate Fraud Schemes

Ex-Illinois Bank President Admits to Real Estate Fraud Schemes

by Phil Hall | Jun 21, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The former president of an Illinois bank has acknowledged his involvement in a scheme to falsify bank records to enable real estate loans. Steven Cook pleaded guilty in U.S. District Court in Benton to three felony counts of aiding and abetting the making of a false...
Former Illinois Hospital to Be Auctioned in Bankruptcy Sale

Former Illinois Hospital to Be Auctioned in Bankruptcy Sale

by Phil Hall | Jun 17, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

An Illinois hospital that closed in 2023 after 120 years in operation is being put up for auction in a Chapter 11 bankruptcy sale. The former St. Margaret’s Health Hospital in Spring Valley, Illinois, encompasses a five-story former hospital plus an adjacent two-story...
The Most At-Risk Housing Markets Are…

The Most At-Risk Housing Markets Are…

by Phil Hall | Jun 13, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

California, Illinois and New Jersey continued to have the highest concentrations of at-risk housing markets during the first quarter, according to a data report from ATTOM. The newly published Special Housing Risk Report analyzed first quarter statistics related to...
‘Home Alone’ House Listed for $5.25 Million

‘Home Alone’ House Listed for $5.25 Million

by Phil Hall | May 28, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The suburban Chicago house that was used as the setting of the 1990 comedy film classic “Home Alone” has been listed for sale at $5.25 million. The Wall Street Journal reported the redbrick Georgian residence in Winnetka, Illinois, still attracts fans of the movie who...
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