July-August 2005
Issue 205
 



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  Money and the ’hood
Neighborhood banking, housing needs focus of NTIC tours
   
 

By Richard Muhammad
Editor

Tour participants walk through Belmont Cragin community. Photo: James Warden
Tour participants walk through Belmont Cragin community. Photo: James Warden

CHICAGO – The National Training and Information Center hosted three neighborhood bus tours Aug. 17 during its three-day national housing and banking summit, “People+Money: Making It Work In the Neighborhood.”
Community leaders, advocates, residents and NTIC staffers took executives, employees of major financial services and housing industry players, community leaders and reporters on visits to the Englewood, Lawndale and Belmont Cragin neighborhoods during the tour. The conference “tourists” had a firsthand look at the negative results of capital flight, predatory lending and anemic investment versus reputable lending, community development, effective partnerships and community reinvestment that promote vibrant neighborhoods.

“The tour was very worthwhile. It gave people an idea about the situation of housing and the lack of housing,” said NTIC board chair Marilyn Evans, who took part in the Lawndale neighborhood tour. “We saw two different sides of housing – with non-profits building affordable housing on one side and on the other side we saw affordable housing that was not maintained ...      story continued here »
 

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