2022-07 NBOA State of Neighborhood Housing Survey
KEY FINDINGS Operating expenses are rising faster than rent increases. Half of respondents experienced utility, labor, and property tax increases of more than 10% (48%, 49% and 52% respectively), and many of them experienced increases…
2022-01 NBOA State of Neighborhood Housing Survey
KEY FINDINGS There has been a slight, continued improvement in stabilized December rent collections (i.e., collections above 95%). More than half (58%) of respondents indicated they have received greater than 95% of collections (a level…
2021-10 NBOA State of Neighborhood Housing Survey
KEY FINDINGS There has been a marked improvement in stabilized September rent collections (i.e., collections above 95%). More than half (55%) of respondents indicated they have received greater than 95% of collections (a level considered…
2021-07 NBOA State of Neighborhood Housing Survey
KEY FINDINGS There has been little improvement in stabilized June rent collections (i.e., collections above 95%). Only half (49%) of respondents indicated they have received greater than 95% of collections (a level considered stable by…
2021-04 NBOA State of Neighborhood Housing Survey
Key Findings Based on responses to the survey, Chicago housing providers are facing more than $1.1 billion in rental payment arrearages, or approximately 9% of their annual rental income, much of which may not be recoverable.…
2021-01 NBOA State of Neighborhood Housing Survey
Key Findings As the economic fallout from the COVID-19 pandemic continues, Chicago’s neighborhood housing industry is at risk due to growing shortfalls in rent. Absent effective and prompt federal rental assistance, the percentage of tenants…
2020-10 NBOA State of Neighborhood Housing Survey
Neighborhood Building Owners Alliance (NBOA) State of Neighborhood Housing Survey Results October, 2020 Key Findings As the economic fallout from the COVID-19 pandemic continues, Chicago’s neighborhood housing industry is at risk due to growing…