Chicago SRO Listings
The City of Chicago has received a Notice of Intent to Sell or Transfer Property in accordance with the Single-Room Occupancy Preservation Ordinance for the property below:
1659 W. Division St.*notice period expires on September 27, 2021
Interested parties should contact:Eric HillsPhone: (847) 924-4748Email: EHills@MarcRealty.com
CIC has financed the rehab and preservation of over 2,000 SRO units. If you are interested in CIC SRO acquisition financing, […]
Read moreRental Property Tax Incentive
The Compact convened statewide partners to craft a proposal providing a predictable property tax incentive for affordable rental housing. With the support of government, industry, and advocate partners, the proposal was introduced in both Illinois General Assembly chambers, and the Senate bill passed the Revenue Committee with unanimous support.
This article highlights support for SB 330 and HB 805.
Read moreNew Emergency Rental Assistance Programs are Now Open or Coming Soon!
The emergency rental assistance program serving people in Suburban Cook County opened March 11 for applications. Suburban Cook County tenants and property owners can apply here. Get prepared by checking your eligibility and the application checklist.
If your building is not in suburban Cook County, check here for information about what you can do to prepare for […]
Read moreAmerican Rescue Plan Act Passed
Yesterday the House of Representatives passed the final $1.9 trillion American Rescue Plan Act, following Senate approval of the bill on Saturday. In addition to comprehensive COVID-19 relief, including stimulus checks and extension of unemployment insurance, the legislation includes more than $42.5 billion in funding for affordable housing programs. The affordable housing resources in the bill include:
$27.4 billion for the Emergency Rental Assistance program;$5 billion for homelessness […]
Read moreUtility Assistance Funding Available
With over $100 million in funding still available through the Help for Illinois Families program, the State of Illinois and Citizens Utility Board (CUB) are urging eligible residents who are struggling with the cost of utility bills to apply before the moratorium on utility shut-offs is set to end on March 31. In addition to utility billing relief, the Help for Illinois Families program […]
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