Chicago 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:
3201 S. Archer Ave. (21 SRO units)*notice period expires on May 21, 2022
Interested parties should contact:Farooq ShahPhone: (630) 479-2978Email: fshah90@gmail.com
3214 S. Ashland Ave. (23 SRO units)*notice period expires on May 21, 2022
Interested parties should contact:Farooq ShahPhone: (630) […]
Read moreNew Plumbing Code Passed!
New changes to the Chicago Plumbing Code offer significant cost savings for owners and developers of multifamily and mixed-use buildings!
The ordinance was informed by the Alternative Plumbing Materials Pilot Program, which was created based on recommendations from the Compact and its partners. The Pilot program saved Chicago developers and property owners more than $38 million over the past four years.
Read moreThe Preservation Compact Welcomes Dunni Cosey Gay!
The Compact is thrilled to announce Dunni Cosey Gay as the new Preservation Compact Director. Dunni is known for cultivating relationships, developing strategic partnerships, and finding creative and innovative solutions to mobilize projects.
Notably, Dunni coordinated outreach and communications for the County’s Emergency Rental and Utility Assistance program, which provided nearly $200 million in resources to support residents and housing providers impacted by the pandemic. Dunni […]
Read moreNew 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 […]
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