News
January 31

New Brookings Institution article by Director of The Preservation Compact

Stacie Young, Director of The Preservation Compact, explains a new and innovative approach to increasing affordability in strong markets with private financing. This approach led to the creation of the Opportunity Investment Fund. Read her Brookings Institution article here.

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January 11

Jan. 16th Deadline to Fix Class 9 Status!

If your Class 9 status was revoked and your appeal was rejected, you should consider calling an attorney to find out next steps.
If your property is on the south side, it is likely that the deadline for your township is January 16th for your attorney to file with the Board of Review. See the township map below to check your deadline.
If you don’t already have an […]

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December 21

Deadline to Fix Class 9 Status!

If your Class 9 appeal was rejected, please follow these steps to file a complaint with the Board of Review. The window for filing a complaint is currently open for the townships below.

Deadline to file 1/9/18
Deadline to file 1/16/18

Orland
Proviso
Jefferson

Northfield
Thornton
Hyde Park
Lake
North Chicago
South Chicago

Find a detailed list of steps for regaining Class 9 status here, and materials from The Preservation Compact’s Class 9 Workshop here.

 

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December 15

Updates to the Chicago Electrical Code and New Alternative Plumbing Materials Pilot Program

In November, the Chicago Department of Buildings launched an Alternative Plumbing Materials Pilot Program, which will allow owners and developers to request alternative materials for waste and vent and CPVC for water supply in residential and mixed use buildings of up to four stories. These plumbing alternatives represent significant cost savings for owners and developers, and are consistent with recommendations to DOB developed by The Preservation […]

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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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