News
November 1

Class 9 Update: Don’t Get Stuck With Higher Tax Bills

On October 24th, the Preservation Compact hosted a follow-up Class 9 Workshop with representatives from the Cook County Assessor’s Office to address questions about new Class 9 affidavit requirements. Many multifamily rental owners saw 2017 assessments increase significantly when the Cook County Assessor’s Office revoked their Class 9 status due to missing paperwork.
The Assessor’s Office urged owners to submit all required documentation, including three new […]

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October 17

Keeping Your Class 9 Status Workshop – October 24!

Did your Class 9 appeal get rejected? Did your 2017 assessment increase? Attend our free workshop to learn more:
 
Keeping Your Class 9 Status

Tuesday, October 24th
222 South Riverside Plaza, 1st Floor Conference Center
Registration begins at 8:45 am
 
Owners of Class 9 properties:
Many multifamily rental owners saw 2017 assessments increase significantly when the Cook County Assessor’s Office changed their Class 9 status to Class 3 status. Unfortunately, nearly […]

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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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