Mirco-Market Recovery Program

Mayor Rahm Emanuel announces  a new inititative to help revitalize neighborhoods. (Credit: Craig Dellimore/WBBM Newsradio)

Emanuel Announces Program To Curb Damage Done By Foreclosures

Mayor Rahm Emanuel has revealed the second phase of the city’s assault on the home foreclosure crisis. First, Emanuel pushed through an ordinance making banks responsible for maintaining foreclosed properties. On Wednesday, he unveiled a strategy to keep those homes occupied.

CBS Chicago–08/17/2011