The NBOA opposes the proposed “Bring Chicago Home” tax increase.

Now that the City Council has voted to place the Bring Chicago Home Ordinance on the March, 2024 ballot, Chicago’s voters will decide whether or not to approve this tax increase.

NBOA’s opposition to the increased transfer tax increase remains as firm as ever.

This measure, which will increase the tax on property transactions from 0.75% to a new tiered system, with a 2% tax on the amount of a sale greater than $1 million, and a 3% tax on the amount of a sale greater than $1.5 million, will discourage investment in Chicago neighborhood multifamily housing. The tax does not recognize the numerous barriers already facing small to mid-sized housing providers: from unpredictable property taxes, to confusing legislation, to the threat that the State could lift the ban on rent control, to mounting expenses. These escalating expenses include insurance, labor, materials, energy and, of course, debt.

The NBOA has looked at dozens of apartment buildings across the city and found that the small and mid-sized buildings which neighborhood housing providers own and manage are likely to face the choice of losing value if they sell their building or raising rents—often as much as $100 a month—to recoup that tax penalty.

Learn more about the proposed ordinance, and its impact on Chicago’s struggling downtown, rents, property taxes, and the health of Chicago’s economy: read our white paper on the subject, and watch our Zoom discussion on the subject with top experts (from Tuesday September 26, 2023).

Neighborhood housing depends on neighborhood housing providers.

Housing policy only works with the involvement of housing providers.

The Neighborhood Building Owners Alliance (NBOA) is the voice of neighborhood housing in the Chicago area. It represents Chicago’s small and mid-sized housing providers, most of whom live, hire and buy supplies in the communities they serve.




Own 10 or fewer properties


Own fewer than 20 properties

The NBOA serves the members of its 11 community building owner affiliates. Like those affiliates, the NBOA is a forum for information, professional development and networking.

In addition, the NBOA advocates on behalf of small and mid-sized housing providers. Its team of professionals works to tell the story of neighborhood housing in the media, and to lobby public officials to ensure housing providers are part of housing policy.

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Now, more than ever, it’s important for all voices to be heard. We work with our members to understand all points of view and educate public officials on our discoveries and perspectives.

Educational Opportunities

We find opportunities to gather owners, developers and their potential counterparts to keep them abreast of new legislation, trends. and partnerships on the horizon.

Strategy & Planning

Rather than working on an individual basis or in small groups, we gather information from all our partners to build strategic positions that mitigate ineffective rules & regulations.

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