>> Hello and thanks for joining us on Chicago tonight.

I'm Brandis Friedman.

Here's what we're looking at.

President Trump proposes 15 year mortgages.

What that could mean for home ownership and the housing market.

Where Johnson's proposal to impose a corporate head tax has faced pushback.

But what about the youth employment and violence prevention programs?

It's intended to fund.

>> And of them are.

really rare.

>> And a local coin collector started a treasure hunt for his neighbors, but plans abruptly changed when immigration enforcement ramped >> First off tonight, more than 600 people arrested as part of the Trump administration's immigration crackdown must be released from federal custody.

That is the order from a federal judge in Chicago today.

Us District Judge Jeffrey Cummings sided with attorneys from the National Immigration Justice Center and the ACLU who alleged the more than 3,000 people rounded up by ICE agents.

It's a violation of a 2022 settlement over warrantless arrests in the Chicago area.

Government attorneys have until Friday to comb through list of 615 people arrested and detained in facilities nationwide to see if they qualify for alternatives to detention while their immigration cases proceed.

The judge said he would issue an order for their release next week.

And meanwhile, temporarily pause deportation proceedings for anyone who might qualify for bond.

Homeland Security spokesperson Tricia McLaughlin said in a statement that a quote, activist judge is putting the lives of Americans directly at risk by ordering this release.

House lawmakers are set to vote tonight to reopen the federal government.

It comes after senators passed the legislation on Monday with 8 Democrats joining Republicans to end the stalemate.

House Republicans say they are confident they'll have the necessary votes the legislation would extend most government funding until January.

30th.

It also includes 3 full-year funding bills for other parts of the government.

But it does not address expiring health care tax credits, a focal point for Democrats.

6 candidates for various offices have pleaded not guilty to federal charges of interfering with immigration enforcement operations.

The group dubbed the Broadway 6 includes candidate cattle because Ala because Ali, who's running to replace Ginger Koski in Illinois is 9th congressional district.

Prosecutors say the group surrounded a government vehicle outside ices Broadway to SEAL facility on September.

26th.

You're looking at video of the incident posted to a book is Ali's social media account from that day.

Also facing charges are Catherine Cat Sharp who's running for the Cook County Board of Commissioners, 40th Ward Democratic Committee person Michael Rabbit Park Village Board trustee, Brian Straw, as well as Andrea Martin and Jocelyn Walsh.

And the latest candidate for Congress in Illinois says she has spent her career helping elected officials and now she's ready to do the same for herself.

>> Educating and training over 4,000 elected officials across the United States I help them not only win elections, how to govern because it's one thing to get to to the table.

But you've got to be effective.

And so popped them how to write good policy, how to serve their constituents, how to bring real change to communities.

>> Patty Garcia, chief of staff to current 4th district.

Congressman chilly Garcia is running to replace her boss despite the shared last name, the 2 are not related surrounded by supporters.

Garcia made the announcement from the grocery store in Cicero where she says she got her first job, outgoing Representative Garcia is timing has raised eyebrows dropping his bid last minute to set the younger Garcia up for an uncontested primary.

He has cited family and health reasons for the late change.

From toxic landfill to a future park.

That is quite the journey for a slice of land on the southeast side, the 43 acre site is set to become the future home of park number 608.

That's a place holder name for now.

The Lake front property that sits adjacent to Calumet Park had been used as a disposal facility by the U.S.

Army Corps of Engineers for polluted sediment.

It's a big win for environmentalists and community members in the area.

Well, the park's opening is still several years down the road Park district officials today announced a $500,000 allocation to kick off the planning process for the park's future design and eventual opening.

Up next, Americans could see the mortgage limit increase from 30 years to 50.

That's right after this.

>> Chicago tonight is made possible in part why the Alexandria and John Nichols family.

The Pope Brothers Foundation.

And the support these don't >> President Donald Trump recently hinted on a social media platform.

Truth social that he may push for 50 year mortgages.

The current limit is 30 years.

Well, the shift could lower monthly payments for home buyers.

Economists warn it could also settle Americans with much higher interest costs over time.

Joining us to discuss the pluses and minuses of a 15 year mortgage option is Dennis Rod can residential real estate reporter for Crain's Chicago Business.

Welcome back to a sense joining us by Bridges.

How are Good.

Thank you.

Bill, Pulte, director of the federal Housing Finance Agency called Trump's idea to introduce a 50 year mortgage, quote, a complete game changer in confirmed that the is working on such a proposal.

What a 15 year mortgage option make housing more affordable for buyers in the short term.

Sure it would drop People's House payments if you're buying a $200,000 House, you would probably pay about 113 less per month.

>> $400,000 House, you pay about $300 less per month.

I know that it sounds as if the one should be 2 times the other, but those figures are accurate.

So you would be saving money.

In the short term this month and each month you're paying.

But over the course of the long term, as your introduction said, you would pay more because you would be the interest rate.

Covers a 50 year risk.

So the lender is going to charge you more over time.

The other problem, the other thing you're going to see in the math is in a house payment and a 30 year mortgage, you're paying proportionally more interest than equity in principal.

Most people call it in the beginning and those reverse over time.

The amount interest you're paying shrinks over time and the amount of principal or equity you're paying grows, it would take far longer with a 50 year.

Mortgage are 30 years.

You get to the point where you've you've you're paying only principle.

It would take far longer because you're paying for 2 decades more.

So you'll have a smaller stake in that house, a much longer journey equity.

So let's let's let's have another example because opponents warn, as you said, that, you know, you're going pay much more interest over time.

So.

>> Cnn reports that a $450,000 home at 6 point 6 and a quarter percent interest would cost $547,000 in interest over 30 years versus 1.0, 0 2 million over 50 years lowering monthly payments by about $300.

It's not worth it.

If you're buying a house.

Well, one thing we should keep in mind is very few people would be in the House for 50 years to pay that entire total.

Very few people are in the House for 30 years now to pay off that entire total.

a lot of people wouldn't be looking at that final out.

They would really be looking at.

Does this save me money now?

I can't afford to buy a car.

I can afford.

Groceries are going up and everything else is going up.

I've got student loan payments.

What will get me into a house now so that I think they will look at that as a savings because they're not looking 50 years down the line.

And if it takes you longer to earn that equity so you don't have as much at first, if you have less equity, does that put homeowners at risk during housing market downturn, which we know can happen?

Well, I don't know that it puts the homeowner at risk so much as a foot to the lender at risk because I have a small stake in my house.

I may just let it go.

I have not built up much equity and there's a downturn.

We saw this in the 2008 down 2007, 2008 downturn.

>> There were an awful lot of people who had taken out 0 interest, 0 down payment loans, very low down payment loans.

And when the time came, they said, OK, then I'll let it go.

And so the question would be if you're paying so much more interest in those early years because you're paying for 50 years, you don't have much of a stake.

And if there is a crisis, whether it's a financial crisis or a crisis at home where you can pay your own bills, you're much more likely.

It appears to give up on the house.

So if you never really fully owned the House right over like a 15 year mortgage how is that any different from renting, right?

Not just rent.

I have the very same question.

It really if you're not building up an equity stake and you're not going to be there for 50 years to get to the point where, you know, the 30 year mortgage is set up so that if you buy your house when you're say 30, you get to 60, you're on a fixed income.

Shortly after that, you have your housing nailed down.

But who's going to have paid off of 50 year mortgage?

The average first time buyer age now is 40.

So you take out a 15 mortgage, you're going to 90 when finally you have free housing and don't don't, you know, don't worry about your kids need to go to college.

In the we've got just a few seconds left.

Let's talk a little bit about supply and demand.

Could a 15 year mortgage could that push prices higher with not without also boosting supply?

>> That is one of the concerns that people have is that if we get this mortgage product, while we still have very tight inventory and we're not building enough homes, not only in Chicago, but nationwide.

>> Then yeah, I I can afford more.

And I'm gonna go ahead and bid up because I've got this 50 year mortgage.

I have a lower payment, which means I can inch up a little bit pay more.

So, yeah, I will bit more to get the few houses that are on the market unless we have a big influx of supply.

And of course, a lot more has to happen before this product could be introduced as far as going through all the regulatory bodies and all of that, right?

Yeah.

This is not going to be available tomorrow.

It's going to take If it moves forward.

It's going to take a while to get set up, OK?

All right, Dennis rocking from great.

Thanks so much.

Appreciate it.

Thanks.

Good to see you.

>> Up next, Mayor Johnson's plan to fund youth programs with the corporate head tax.

>> Budget hearings at City Hall are set to wrap up this week and it appears there's no easy way to bridge the city's nearly 1.2 billion dollar shortfall.

>> Much of the debate over Mayor Brandon Johnson's budget proposal centers around his plan to impose a so-called corporate head tax on large companies.

The plan expected to generate 100 million dollars to fund violence, prevention and youth employment programs.

Nearly 59 million of that would go to the city's Department of Family and support Services.

So joining us now with more our Angela Greene, commissioner of the city's Department of Family and Support Services and Kathy Kulick, deputy Commissioner of Youth Services.

Thanks to both for joining us.

Welcome to Chicago TONIGHT, Commissioner Green.

I know you've only been on the job for 3 long but remind us how these programs are funded until this point.

Historically, our youth development programs have been funded through our city budget.

>> And now we're looking at other revenue streams because we need sustainable revenue source for these programs that we know that work.

Why hasn't city budget been sustainable until this point?

For this particular need for differently.

And obviously we see that there's a budget shortfall and we have to bring other revenue streams in order to to meet that me.

So we've had historic of money in our poll as an example, you get some example.

The impact of thank you, Commissioner Green.

So I think it's important to note that the one-time investment we had from the American Rescue Plan Act.

>> Allowed us to pilot programs like the youth interventions pathway that will be funded by this corporate tax and programs like that are essential in our city one because it keeps us in compliance with CPA with the consent decree for CPD.

But also serves as a diversion deflection model across the city.

It also allowed us to pilot a program called my time my future safe spaces where youth are able to coming invite their peers and planned events and engage in safe spaces with trusting adults.

It also allowed us to expand on existing programs like our service coordination and navigation program model that really takes youth of highest promise and connects them with wrap around services so they can be the best that they can be.

So, you know, all of these programs continue to contribute to the 60 year low that we're seeing in violates this Commissioner Greene said, it is vital that we find a way to sustain.

And I do want to get to more into some of that programming that you mentioned and how it works.

And the results that we that we are hearing about it.

But Commissioner Green and we don't have to spend a whole lot of time on this because it's not technically your department, why it had to like there's is there no other way to generate this revenue to fund these programs.

Well, I will say leave that to elected find other ways to generate the funding.

But the reason why we really need this money, you know, we know that our corporations see the federal tax break.

>> And the same time we're seen, many of our families struggle with food, insecurity with a pause and possibly even with health care access might be another issue.

So.

We actually need everyone to kind of join in and support our most vulnerable populations.

And our youth diversion program youth employment program really helped support our youth of high promise.

Those that are trying to really gauge and move through our city and find a way forward.

And so this is a way that our corporations can take part in that we need that support.

It's not really charity.

it's not even a penalty is really investing back into the city that has so much promise.

And then also actually investing in their future workforce.

>> Because health may become the next CEO or the social influencer right?

>> Commissioner who live or deputy commissioner who look, you are proposing 48.9 million dollars alone for youth employment programming.

How would that work?

>> Yeah.

that's a great questions.

So we have 5 program models for youth employment along with city, city sister city agencies.

We from one of the largest youth employment summer programs where just this year alone had over 53,000 you apply for one summer, Chicago jobs and we were able to hire more than 31,000 of those.

You so just being able to like Commissioner Green just said, just invest in our to be able to make sure that they have the skills to support the emotional and mental illness that they need to have him playing overall.

We know violent crime is down.

23% homicides down 29% in overall shootings in the city down.

36%.

>> What do we know about the impact of youth programming on public safety?

But also the economy and the young people who get those jobs.

>> We definitely know that the programs that we have actually give youth a divert, be able to divert from system involvement.

We know that giving them positive outcomes and positive outlet for them to be to get involved in helps to reduce violent crime.

We saw from United States Joint Economic Commission report.

They studied the youth that were involved in employment programs here in the city and that 43% of those that were involved in employment.

Actually, we're less likely be involved in a type of violent crime.

Almost 80% of them were not involved any shooting arrested for anything of that nature.

So we see from the data that it actually works to that point.

You know, another 5.2 million you are proposing in this budget that would go towards violence reduction funding.

Why such a big difference?

>> In the 48.9, nearly 50 nearly 49 million versus the 5 million for violence reduction.

Yeah, well, we see that there's a lot of efforts happening in the CBI community right now that focus on adults.

So we want to just make sure that we're doing our part in again, investing in the U.

>> And having some type of programs and models that mirror what's happening in the CBI community.

For those that are 18 and under.

So, you addition to the 48 million, I think it's important to note that even employment programs to help reduce giving an opportunity to pick up a are asking them to put down the gun is what it's about.

>> A city report one that you all of the summer youth impact report that you all just released last month shows that over the summer more than 31,000 youth were employed through D S S S jobs.

Also finding another 2.84 million hours of work.

Experience 30.8 million dollars were provided for youth aged 16 to 24 youth service program and also served over 108,000 residents for more than 150 community-based organizations.

Citywide.

Commissioner or deputy commissioner.

What are the long-term returns for investing in youth employment?

That's when we get the long run.

Yeah.

I think that the first thing that we would get is just youth that are more prepared for the workforce.

We had 95% of our youth said that they now feel that there's somebody that can you.

>> Be successful in a job.

It also allows us to just have a safer community when when the city is safe for everybody wins businesses.

When residents when youth when and they're set up for success.

>> We also think the skills that developing specially equipped safe spaces, we're seeing youth actually organize become community organizers.

They're leading.

They are engaging other youth in positive activities.

And so see what has come out of that.

They're feeling safe in their communities.

These are positive outcomes that sometimes you have a dollar amount to because the impact is as long-standing.

And to be clear, these programs that you mentioned, for example, the service coordination, navigation programs can community safety, engagement, peacekeeping program, the youth interventions pathway that you mentioned earlier.

>> Does the city partner with community-based organizations to to grant this money out to supply this programming?

That's that is mainly what we do is we we fund community-based organizations that our position best to serve our youth to meet them where they are.

>> And then we work with them to be able to make sure that those dollars that they're being good stewards of those dollars and that funding, it's just create as much impact across the city as they can.

>> All that said, of course, you got to pay for Commissioner Green, how how else could corporations contribute if not ahead, just last week on this program, the Hospitality Business Association of Chicago says that many of those corporations are already contributing to the mayor's employment programs some of them obviously opposed the head tax.

How else could they be supportive of Chicago's youth?

We definitely are.

Corporations continue to be a part employing are you throughout summer youth program and there are other ways that could become corporate sponsors of our programs that there >> Actually ways that you left.

Yes, you mentioned earlier that 53,000 youth that applied, have more slots will be the higher those individual.

So there's this after opportunity for them, connect at a strong level with us, OK, of course, we'll let we'll keep an eye on this as the budget process continues.

My thanks to the 2 of you for joining Dss Commissioner Angela Greene, deputy commissioner of Youth Services, Kathy Cooler.

Thanks both push it.

>> And we're back right after this.

A local coin collector recently set out to connect with his community, which he accomplished.

>> But it cost a few cents.

The Rogers Park resident started a scavenger hunt style game hiding coins around the neighborhood and post includes on social media but ongoing, aggressive federal immigration enforcement in the city made the new Miss Mattis decide to change course.

>> numbers which is the front of the coin.

You've got the bus the weighty liberty.

That's John Martin lead a local coin collector also known as an investment test showing off one of his many early American coins.

personal collection.

>> It's a local We we rare less than 100 of these in world.

>> When we first met Martin back in September, he had decided to share his love of coins with his neighbors in Rogers Park.

So he started a literal treasure hunt.

He had the coins around his community and alleyways and little free libraries at Saint Ignatius Church.

We're leaving clues of their whereabouts on the social media platform next The coin hunt became a major hit.

>> I kind of expected most of the interest to be older guys, because, you know, that's usually it's a graphic with people who collect, especially this air of quidditch.

But no, there was young peoples of all ages, college students, moms, dads runs the store, appear near Howard.

It's it's yeah, it's it's been really cool.

How broad the appeal this.

But I was surprised by that margin started his collection 20 years ago.

It's always awesome to be able to hold a piece history in your hands, especially something that was used.

>> On a regular basis by people.

10200 years ago.

He estimates he has some 600 coins.

>> I've got 4.18, 0, 4, Great.

Let's pass us and none of them are alike.

In fact, these are old dramatically different, but they're several others that are just in the testimony.

Small difference between them.

>> Martin released 6 coins with the goal of giving away a total of 10 before the year ended.

But then plans changed.

>> Rogers Park became one of the communities hit by a land federal immigration enforcement.

After seeing the fear and concern in his neighborhood.

Martin put the coin hunt on pause.

>> got You'd have to be an idiot not to recognize that what's going on just.

>> You know, you don't go around and children that are rounding up parents in front of their children or even kids themselves.

You don't go harassing neighborhoods.

People who are at work going into business, scaring the, you know, the Jesus that of people for no reason for no reason other than to make a political statement.

And it's not even a good one.

>> Rogers Park is one of the most diverse neighborhoods and Chicago with more than 60 different languages spoken in the area nearly 25% of residents were born a different country.

>> Everyone in from everywhere lives here.

And it's it's one of the reasons I like it so much.

You know, we all know exactly why they targeted this neighborhood.

>> especially West Florida Youve got working class people of every sort just across Florida.

>> Don't get >> is infuriating is it's like what are we supposed to do as much as I enjoy doing the coin hunt?

Getting to interact with people in my neighborhood.

It's not worth it put anybody at risk for it.

>> So I originally intended just postpone it.

>> Put up a post about that and there was a handful of unpleasant people Responded.

And I decided to just go ahead and cancel it after that.

>> I thought about giving away his last 4 points to Chicago has been illegally apprehended and then released by ICE.

But he's still considering the best way to spend the remaining sober.

I've still got it.

And I'd still like to give them Not entirely sure what I want to do about that.

And I was thinking of just, you know, >> this year and a neighbor.

You know, you go to again.

If they hadn't heard about it just those random, strange man approaching people the street.

I don't know.

The idea is.

>> For Chicago tonight, I'm Shelby Hawkins.

Martin is open to possibly starting the treasure hunt up again next year or once he believes it safe for his neighbors.

>> And that's our show for this Wednesday night.

Be sure to sign up for our free email newsletter.

The Daily Chicago Wt Tw Dot com Slash newsletter and join us tomorrow night at 5, 30 10 now for all of us here in Chicago Brandis Friedman, thank you for watching.

Stay healthy and safe and have a good night.

>> Closed captioning is made possible by Robert a cliff and Clifford law offices, Chicago, personal injury and wrongful death gets back to its community in Chicago and