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This article profiles recent research from the Institute for Housing Studies (IHS or the Institute) on the topic of displacement, gentrification, and the role of public investment in driving neighborhood change. It discusses a specific public investment in Chicago and its role in accelerating gentrification, and highlights a new data tool created by IHS to help community development practitioners develop affordable housing strategies in advance of planned public investments.
This article by senior business economist Maude Toussaint-Comeau and Jin Man Lee, Research Director at the Institute for Housing Studies at DePaul University, explores home values in Cook County before and after the Great Recession. Among the high level findings is that past the height of the housing financial crisis, distressed property sales remained strong contributors of house price depreciations in neighborhoods in Cook County. Disparities persist in housing market recovery across neighborhoods. Home values of neighborhoods in the lower income distribution are still 45 percent or lower than their previous peak.