Ordinance Holds Banks Responsible For Maintaining Vacant Buildings « CBS Chicago
The City Council on Thursday passed an ordinance that holds banks responsible for maintaining properties once they have foreclosed upon them and left them vacant.
The ordinance sponsored by Ald. Pat Dowell (3rd) came in response to a growing problem with vacant buildings in the city. The Mayor’s Office says the city spent more than $15 million to deal with vacant buildings last year.
Of course the poor banksters are whining about it relentlessly.