Portfolio Health Initiative Mid-Year Update
Background
Maintaining a healthy, stable stock of affordable housing is essential to preserving access and stability for renters across Chicago. But properties in our subsidized affordable housing system are under growing strain—from rising operating costs to staffing shortages and regulatory complexity. Understanding these pressures and developing thoughtful, coordinated responses is the focus of our Portfolio Health Initiative, a collaborative in partnership with the
Read moreCatch up with The Compact: January 2022 Highlights
In January 2022 The Preservation Compact:
Partnered with the Illinois Housing Council to discuss a proposal for a new NOAH acquisition program based on the Boston Acquisition Opportunity Program,Collaborated with the Assessor’s Office on the rollout of the new property tax incentive in Cook CountyDiscussed accessory dwelling units (ADUs) on an expert panel hosted by
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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