News | The Preservation Compact

October 23, 2020November 25, 2020

Deep Dive: Safe and Healthy Buildings

Reducing COVID-19 Risks in Multifamily Buildings

How do I protect tenants and staff members?The City of Chicago recommends that multifamily property owners:

Require staff and tenants to wear face coverings in common areas (unless they cannot safely covering their face). Limit gatherings of residents to less than 50 people in common areas. Clean high-touch areas more frequently and provide hand sanitizer, tissues, and cleaning products in […]

September 22, 2020November 25, 2020

By The Preservation Compact

What You Need to Know About Unemployment Insurance and COVID-19

At The Preservation Compact, our bread and butter is preserving affordable rental housing, especially the naturally occurring stock. Today the most profound preservation need is to stabilize tenants affected by job loss.

Nationally, more than 40 million people have lost their jobs since mid-March, including nearly 1.2 million in Illinois. Analysis by the Institute for Housing Studies at DePaul University shows that […]

March 24, 2020November 25, 2020

By The Preservation Compact

Coronavirus (COVID-19) Resources for Tenants and Owners

We’re here to help.

CIC and The Preservation Compact are working to compile relevant resources that may be helpful to building owners and tenants in Illinois during the COVID-19 health pandemic.

We have created a central clearinghouse of information and resources for tenants and owners on our website.

Please note that eligibility requirements apply, be sure to contact the associated government agency or organization […]

January 24, 2020November 25, 2020

By The Preservation Compact

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 properties below:

Royalton Hotel, 1810 W. Jackson Blvd. (98 SRO Units) *notice period expires on June 21, 2020Interested parties should contact: Dawn OverstreetPhone: (312) 756-7335Email: dawn.overstreet@svn.com

4905 S. Michigan Avenue(37 SRO Units and 1 Studio Apt.)*notice period expires […]

January 24, 2020April 7, 2020

By The Preservation Compact

2020 Illinois Affordable Housing Forum – March 2-3

Hosted by the Illinois Housing Council, the Illinois Affordable Housing Forum will provide networking opportunities and engaging sessions on the current trends in affordable housing.

Stacie Young, Director of The Preservation Compact, will moderate the “From ADUs to the ARO – New Strategies to Increase Supply” session. Learn the latest innovative policy developments in Chicago and beyond to creatively increase the supply of affordable housing.

Registration […]