New Property Tax Incentive!
A new property tax incentive passed the Illinois General Assembly in the landmark affordable housing omnibus and is now on to Governor Pritzker for signature.The incentive establishes tiers of affordability and property tax relief:
If buildings hold 35% or more of their units at affordable levels, they are eligible to receive a 35% decrease in assessed value; andIf buildings hold […]
Read moreChicago SRO Listings
The City of Chicago has received Notice of Intent to Sell or Transfer Property in accordance with the Single-Room Occupancy Preservation Ordinance for the properties below:
3216-18 N. Cicero Ave. (84 SRO units and 2 one bedroom units)*notice period expires on December 6, 2021
Interested parties should contact:Lee Kiser or Rick OfmanPhone: (773) 293-5040 or (773) 293-5005Email: lkiser@kisergroup.com or rofman@kisergroup.comSee listing for […]
Read moreADU Pilot Program Accepting Applications
The City of Chicago’s Accessory Dwelling Unit pilot program enables property owners to legalize and create new basement apartments and other types of ADUs in five pilot zones across the City of Chicago. Learn more about eligibility and the application process here.
A number of Compact partners helped shape this policy including Communities United, Neighborhood Housing Services of Chicago, […]
Read moreProperty Tax Reassessment for the City of Chicago
The Cook County Assessor’s Office will reassess all properties in the City of Chicago this year. Check the assessment calendar and deadlines for your township. Assessment notices have been mailed for Rogers Park township and the deadline to file an appeal is July 19.
If you have concerns about how the assessment considered affordability requirements on your property or generally need assistance with the appeals […]
Read moreIHDA’s ERA Tenant Application Window Now Open
The Illinois Housing Development Authority’s statewide emergency rental assistance program (also known as ILRPP) is now open for a tenant-led application process. Learn more about this program at chicookilrenthelp.org – a unified rental assistance page the Preservation Compact created with IHDA, the City of Chicago, and Cook County.
Tenants applying directly for rental assistance will have until July 18 to complete their portion of the application. […]
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