Chicago Tenants and Chase Bank

Her building, 7263 S. Coles, is quite literally falling apart. Bricks are falling off the front of the South Shore apartment building, not to mention the ceilings are falling in and the electricity is about to cause on fire any minute, she says. The bathtubs won’t drain, so they sit, daily, full of grey water, while families try to wash themselves in the kitchen sink. Mold, insects, pests – you name a problem, they got it.

It’s so bad that the city has deemed it uninhabitable, and Saturday, they will come out to vacate 10 families from the premises. Richards and her neighbors gathered downtown yesterday afternoon, asking for relocation assistance from the party they say is responsible for the building’s profound neglect – Chase Bank.

Read the entire story here at One Story Up

Watch the report from We The People Media here

Action Alert: Protest Downtown at Chase Bank this Thursday

This weekend, the residents of 7263 S Coles face homelessness. JP Morgan Chase has failed in its responsibility for maintaining this 30-unit property since 2008. For two years, Chase has allowed the building to deteriorate to such a degree that the city of Chicago, due to safety concerns, stepped in and ordered residents to vacate the property this coming Saturday, July 17th. These families will be put out on the street and to date, Chase has refused to assist these families with relocation despite their neglect of the general building maintenance being the very cause of this building being condemned by Chicago building inspectors.

Join MTO, tenants, and concerned community members this Thursday, July 15th at 11:30am at Chase Tower, 10 S. Dearborn in Downtown Chicago.

Rental properties across the city are deteriorating because the banks responsible have done nothing. For residents, the choice is especially stark – live in substandard conditions or leave the homes they once cherished. This crisis has been developing for years and is getting out of control. Banks have done little or nothing to save our homes and have allowed our communities to weaken.

WE WANT:

  • Banks to be responsible for maintaining buildings in foreclosure
  • Relocation assistance for the families being displaced by banks that ignore their obligations
  • A foreclosure stabilization plan that would promote building maintenance and preservation, thus preventing displacement and abandoned buildings.