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HOME > ... > PARTNERSHIPS & INITIATIVES > FIGHTING THE RECESSION > FORECLOSURE RELIEF

Fighting the Local Foreclosure Crisis

The Regional Home Ownership Preservation Initiative (RHOPI) is the Chicago metropolitan area’s integrated approach to exerting a collective, measurable impact on the foreclosure crisis. The Trust, in partnership with the Federal Reserve Bank of Chicago, has played a leadership role in RHOPI. In addition to this collaboration effort, the Trust has provided more than $1.5 million in grants to organizations addressing the crisis and made a $5 million investment in ShoreBank certificates of deposit.

Unity Challenge Impact

Thanks to donations to the Unity Challenge, the Trust is helping 1,000 homeowners avoid foreclosure, providing support to 1,600 renters of foreclosed buildings, and finding $30 million in cost savings for families and communities. Join the Unity Challenge

Latest Foreclosure Numbers

The Trust's Vital Signs project tracks the latest local foreclosure figures and other indicators of the recession. Get the latest numbers
 

Website

www.regionalhopi.org

Find out about events to help homeowners, plus get the latest news and research at this in-depth resource. Visit the website

Action Plan

From August to October 2008, four RHOPI task forces created a "road map" to combat foreclosures. Read their report

‘Keep Your Home’ Event

Hundreds line up for help from attorneys and loan officers, hoping to save their homes from foreclosure. The event in Cicero was funded by your donations to the Unity Challenge.