Hosted by: Metropolitan Planning Council, Woods Fund Chicago and Polk Bros. Foundation
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Chicago residents protest discriminatory housing at a demonstration organized by the Contract Buyers League
Please note this event is SOLD OUT. Please register for the waitlist and we will be in touch if more tickets become available.
Contract buying gained prominence on Chicago’s west and south sides in the 1950s during a time when black communities were systematically denied financial resources to purchase homes by the banking and insurance industry, and when local and federal policy conspired to build separate and unequal neighborhoods. Predatory lenders stepped in to fill this void, selling homes to black families on contract—characterized by exploitative terms like high-interest rates, inflated sales prices and a lack of traditional homebuyer protections.
This practice continues in 2017.
Together with the Woods Fund Chicago and Polk Bros. Foundation, MPC will host a half-day forum that will bring together a set of civic, government and community leaders in a series of conversations to discuss contract buying as it exists today. We invite you to join us for this discussion on Friday, September 29 where we will explore the history of contract buying (also known as contracts for deed, or rent-to-own contracts) and its relationship to segregation in Chicago, how it continues to damage present-day communities of color, and solutions to address this resurging housing practice.
- The History of Contract Buying
- Present-Day Issues
Caronina Grimble, Program Officer, Woods Fund Chicago
Jack MacNamara, Lead Organizer, Contract Buyers League
- Solutions/A Call to Action
Deborah Bennett, Senior Program Officer, Polk Bros. Foundation
- Je Yon Jung, Senior Regional Counsel, Consumer Finance Protection Bureau
Sharon Legenza, Executive Director, Housing Action Illinois
Karen A. Yarbrough, the Cook County Recorder of Deeds
A full agenda for the forum will be available closer to the event.
The forum is free and open to the public, but advance registration is required. A light breakfast will be served; please indicate any dietary restrictions when you register.
MPC thanks Woods Fund Chicago and Polk Bros. Foundation for their generous support of this event.