FHFA, Chicago agree to terms for vacant properties

The city of Chicago and the Federal Housing Finance Agency, which have been involved in a lawsuit over the city's 2011 vacant-properties ordinance, have reached a settlement in which the FHFA will register vacant properties with the city and will work with city officials on neighborhood stabilization initiatives. The FHFA will not pay the $500 fee that the city requires from other mortgage holders of vacant properties.

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Chicago Tribune (tiered subscription model) · Housing Wire

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