New NOAH Preservation Lab and NOAH Clearinghouse!
The Preservation Compact and the Institute for Housing Studies at DePaul University are excited to announce the release of the Preservation Lab’s second report, NOAH Risk Analysis, focused on the Naturally Occurring Affordable Housing (NOAH) stock in Chicago.
We are also launching the NOAH Clearinghouse, which compiles research and resources on NOAH preservation strategies from across the country. We welcome Read more
Property Tax Incentives
Join Us!Property Tax IncentivesLive Virtual EventThursday, September 23, 12pmFree registration
A new statewide property tax incentive for multifamily rental was recently signed into law by Governor Pritzker. The program is launching early next year and you may be eligible to receive as much as a 35% reduction in your assessed value! This groundbreaking incentive is designed to help all multifamily […]
Read moreEmergency Rental Assistance: Programs Are Open!
Emergency Rental Assistance programs through the City of Chicago, All Chicago, and the Illinois Department of Human Services are currently open!
Learn more about these programs at chicookilrenthelp.org – a unified rental assistance page the Preservation Compact created with IHDA, IDHS, the City of Chicago, and Cook County.
Read moreNew Property Tax Relief!
Check out the incentive table to see how it works and what the requirements are to qualify for the new relief!
The Preservation Compact and the Illinois Housing Council will be hosting a webinar about the new incentive in September. Be on the lookout for registration details coming soon!
The incentive establishes tiers of affordability and property tax relief:
If buildings hold 35% or […]
Read moreRental Assistance Coordination Continues
Since the beginning of the year, The Preservation Compact has facilitated meetings with IHDA, the City of Chicago, and Cook County to coordinate emergency rental assistance programs. The Compact also convenes community groups, housing provider representatives, and other stakeholders to share information about emergency rental assistance.
This coordination work will get an extra boost from a National Low Income Housing Coalition […]
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