- Published: Thursday, March 22, 2012 05:46 PM
State Senator Jacqueline Y. Collins (D-16th) was pleased to hear Governor Quinn, in his State of the State Address, express his commitment to two priorities she shares: helping people stay in their homes, and protecting neighborhoods from falling home values caused by poorly-maintained vacant properties. Sen. Collins is the chief sponsor of legislation that would enable municipalities to hold lenders responsible for the upkeep of properties in foreclosure once the occupants have relocated.
“Despite some recovery in the housing market, property values remain low in many neighborhoods because of the prevalence of abandoned, unsafe, and poorly-maintained buildings,” Sen. Collins said. “I look forward to working with the governor, Cook County Board President Toni Preckwinkle, and other state and community leaders to stop the cycle of home loss and falling home values.”