News
August 4

Cook County Class 9 Property Tax Workshop – Aug. 15th!

Owners of Class 9 properties:
It has come to our attention that some Class 9 properties have been changed to Class 3 status, which has SIGNIFICANTLY increased their assessed values – some values have doubled or tripled. According to the Assessor’s Office, this change occurred because owners did not submit appropriate annual affidavits in 2015 and/or 2016.
Even if you think you submitted these documents, please more

July 20

Energy Retrofits Improve Affordability

The Spring 2017 issue of HUD’s Evidence Matters features the Energy Savers program model as a way to decrease utility costs and maintain affordable housing. Pioneered by Preservation Compact partners, Elevate Energy and Community Investment Corporation in 2007, the program offers free energy assessments for multifamily buildings and low cost financing for energy saving improvements.
To date, the Energy Savers program has completed assessments on 61,800 […]

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June 30

Chase Investment Leverages $27.7 million and 600 Renovated Units

In just three years, three local non-profit lenders leveraged $5 million into $27.7 million to revitalize nearly 600 deteriorating single-family homes and two-flats in distressed Chicago area neighborhoods – and they stand ready to do more.
In the wake of the 2008 housing crash, vacant 1-4 unit buildings in the area’s hardest hit communities threatened to drag down entire blocks. To combat this threat, three area […]

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June 26

Urgent Property Tax Alert – Class 9 Properties

All Class 9 Property Owners,
It has come to our attention that many Class 9 properties have been changed to Class 3 status. This has SIGNIFICANTLY increased their assessed values – some values have doubled or tripled. According to the Assessor’s Office, this change occurred because owners did not submit appropriate annual affidavits in 2015 and/or 2016. Even if you think you submitted these documents, please […]

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June 1

Presbyterian Homes Project Wins ULI Vision Award: Affordable Housing Preserved on Chicago’s North Side

An underdog walked away with a prestigious 2017 Vision Award at the Urban Land Institute (ULI) Chicago’s 6th Annual Vision Awards on May 31st.
The ULI Chicago Vision Awards highlight creative developments and partnerships that have contributed to the growth of vibrant communities.
The Preservation Compact and the Chicago Housing Authority (CHA) accepted the award. The Compact coordinated efforts with developers, elected officials, and government agencies to […]

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