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

The City Council has voted to place the Bring Chicago Home Ordinance on the March, 2024 ballot: early voting has already begun downtown, and begins on March 4th in all 50 wards.

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

This measure will discourage investment in Chicago neighborhood multifamily housing.

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:

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.

600+

Members

60%

Own 10 or fewer properties

72%

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.

Hot News

February 17, 2024
Corey Oliver, a leader in the NBOA, Addressed Bring Chicago Home in the Sun-Times

Corey Oliver, a long-time NBOA leader, shared his perspective on the problems with the proposed “Bring Chicago Home” tax increase.

His thoughtful opinion piece appeared in the Chicago Sun-Times on February 17, 2024.

Bring Chicago Home real estate transfer tax could make housing instability worse
The tax would bring on rent hikes that could push stable, paycheck-to-paycheck individuals into housing instability and increase homelessness.

Advocacy

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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