Illinois
Alton/Granite
Hundreds of families in Alton and Granite lost their homes and all the savings they built in those homes because of state-sanctioned home equity theft.
Communities with the Most Home Equity Theft
Eight communities in and near Alton (top left) and Granite were hit hard with home equity theft. In one community, more than 7 out of every 100 homes were taken and sold without a penny of equity going back to the former owners.
Communities Struggling to Find Jobs Are Disproportionately Hurt by Home Equity Theft
The communities hardest hit by home equity theft had an average unemployment rate of 13.0%—greater than the state average of 6.6%—in 2018.
Communities with Lower College Attainment Are Disproportionately Hurt by Home Equity Theft
The communities hardest hit by home equity theft had a college attainment rate of 23%—less than the state average of 34%—in 2018.
Low-Income Communities Are Disproportionally Hurt by Home Equity Theft
The communities hardest hit by home equity theft had an average median household income of just $39,000—less than the state median of $64,000— in 2018.
Antioch/Waukegan
Hundreds of families in Antioch and Waukegan lost their homes and all the savings they built in those homes because of state-sanctioned home equity theft.
Communities with the Most Home Equity Theft
Two communities in Antioch (top left) and Waukegan were hit hard by home equity theft. On average, 4 out of every 100 homes were taken and sold without a penny of equity going back to the former owners.
Communities Struggling to Find Jobs Are Disproportionately Hurt by Home Equity Theft
The communities hardest hit by home equity theft had an average unemployment rate of 9.3%—greater than the state average of 6.6%—in 2018.
Educated Communities Are Disproportionately Hurt by Home Equity Theft
The communities hardest hit by home equity theft had rates of college attainment greater than 38%—greater than the state average of 34%—in 2018.
Minority and Nonminority Communities Are Disproportionally Hurt by Home Equity Theft
The hardest-hit community’s residents were 9% black or Hispanic, but the second-hardest-hit community’s residents were 64% Black or Hispanic.
Chicago
Hundreds of families on Chicago’s South Side lost their homes—and all the savings they had built in those homes—because of state-sanctioned home equity theft.
Chicago Communities with the Most Home Equity Theft
Communities in West Englewood (top left) and Roseland (bottom center) were the hardest hit by home equity theft. The homes taken were sold without a penny of equity going back to the former owners.
Chicago Communities with High Unemployment Hurt by Home Equity Theft
The communities hardest hit by home equity theft had unemployment rates more than three times the state average of 6.6%.
Low-Income Chicago Communities Hurt by Home Equity Theft
West Englewood, the community hit hardest by home equity theft, had a median household income of just $26,000.
Black and Hispanic Chicago Communities Disproportionately Hurt by Home Equity Theft
More than 90% of residents in the hardest-hit South Side communities were black or Hispanic.
Rockford
Hundreds of families in Rockford lost their homes and all the savings they built in those homes because of state-sanctioned home equity theft.
Communities with the Most Home Equity Theft
Eighteen communities in Rockford were hit hard with home equity theft. For every 100 homes, more than 2 were taken and sold without a penny of equity going back to the former owners.
Communities Struggling to Find Jobs Are Disproportionately Hurt by Home Equity Theft
The communities hardest hit by home equity theft had an average unemployment rate of 17.0%—greater than the state average of 6.6%—in 2018.
Communities with Lower College Attainment Are Disproportionately Hurt by Home Equity Theft
The communities hardest hit by home equity theft had a college attainment rate of 14%—less than the state average of 34%—in 2018.
Black and Hispanic Communities Are Hurt by Home Equity Theft
In these communities, 57% of the residents were Black or Hispanic.
Springfield
Hundreds of families in Springfield, Illinois, lost their homes—and all the savings they had built in those homes—because of state-sanctioned home equity theft.
Springfield, IL, Communities with the Most Home Equity Theft
Six communities on Springfield’s east side were hit hard by home equity theft. For every one hundred homes, three were taken and sold without a penny of equity going back to the former owners.
Springfield, IL, Communities with High Unemployment Disproportionately Hurt by Home Equity Theft
The communities hardest hit by home equity theft had unemployment rates greater than the state average of 6.6%. One area’s unemployment rate was 28%.
Low-Income Springfield, IL, Communities Disproportionately Hurt by Home Equity Theft
The communities hardest hit by home equity theft had an average median household income of just $25,000.
Black and Hispanic Springfield, IL, Communities Disproportionately Hurt by Home Equity Theft
On average, 60% of the residents of the hardest-hit communities’ were black or Hispanic.
Resources
End Home Equity Theft Model Policy
Pueblo, CO One-Pager
Alton/Granite, IL One-Pager
Antioch/Waukegan, IL One-Pager
Chicago, IL One-Pager
Rockford, IL One-Pager
Springfield, IL One-Pager