New COVID-19 Relief Proposal
President-elected Biden recently released his $1.9 trillion legislative proposal for a comprehensive COVID-19 relief package that includes:
$30 billion in emergency rental and utility assistance,$25 billion in rental assistance$5 billion to cover home energy and water costs$5 billion to address the health and housing needs of people experiencing homelessness,Extension of the federal eviction moratorium through September 2021,$1,400 stimulus checks, and$400 per week unemployment insurance […]
Read moreCOVID-19 Relief through January 2021
On December 21, Congress passed a $2.3 trillion appropriations and COVID-19 relief bill that includes $900 billion for coronavirus relief with essential emergency housing resources and protections and $1.4 trillion to fund the federal government through fiscal year 2021.The relief bill includes $25 billion in emergency rental assistance and a one-month extension of the eviction moratorium through January 2021. Illinois has been allocated […]
Read moreGovernment Resources Webinar – Jan. 26, Recording and Materials
Thank you for joining the Illinois Housing Council and The Preservation Compact for a discussion on rental resources including federal rental relief (a report on the 2020 programs and an overview on new program rules) as well as other available resources.
Our presenters would like to share these resources with you:
National Council of State Housing Agencies:
US Department of Treasury: Emergency Rental Assistance […]
Read moreChicago 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:
4905 S. Michigan Avenue(37 SRO Units and 1 Studio Apt.)*notice period expires on March 7, 2021
Interested parties should contact:David G. SchonbackPhone: (630) 997-0099Email: XDAVIDG@aol.com
CIC has financed the rehab and preservation of over 2,000 SRO units. If […]
Read moreBuilding Code Clarification on Sprinklers
Even though the new Chicago building code that became mandatory on August 1, 2020 requires installation of an automatic sprinkler system for buildings with more than four stories, most multifamily rehab projects will not be required to do this. There is an exception for existing buildings that do not have adequate water supply available without the installation of a fire pump […]
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