Cook County is home to the nation’s third largest city, as well as some of the deepest economic craters left by the ongoing housing crisis. Some 40,000 vacant units, many of them underwater, restrain economic development in the second-most populous county in the U.S.
Now, following similar efforts underway in Kansas City, northeast Ohio’s Cuyahoga County, Atlanta, and Michigan, Cook County will establish a redevelopment authority aimed at stabilizing the region’s housing market.
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