The constant torrent of local and national news is distracting. It is also probably the reason you may not have heard about the newly formed Affordable Requirements Ordinance (ARO) Task Force. This announcement was made…
By: Steve Cain We are staring down the end of one year and the beginning of another – and not just any year. Twenty-twenty promises to be like no other, with an election looming…
Christina Rossetti Rent Stabilization and Rent control are becoming hot topics here in Illinois as various pieces of legislation are being drafted and proposed. What does it mean for landlords and tenants? The answer is…
Steve Cain Photo courtesy of Community Investment Corporation All too often, in Chicago and Cook County, local governments seem to believe that every housing problem can be solved by levying more costs on property owners…
A Call for action! Contact your State Representative and ask them to vote "NO" on HB 2430 (Guzzardi). RENT CONTROL BILL (HB 2430 - Guzzardi) was not called for a vote this week. However, the…
An Open Letter to Rep. Will Guzzardi Steve Cain | Principal Rogers Park Builders Group recently posted an open letter to Will Guzzardi, Representative of the 39th District in the Illinois General Assembly. The 39th…
At the intersection of Chicago’s growth and its residents, the city finds itself resurrecting the ever-lasting argument of Rent Control. Throughout Chicago’s battle with neighborhood economics, we’ve seen that issues arise when the government…
Original from Crain's It's too early to tell, but banks may be starting to provide the downtown Chicago apartment market with something it could use right now: restraint. They're tightening lending guidelines for new developments…
From: http://www.businessinsider.com/federal-reserve-fomc-comment-on-new-housing-crisis-2016-10 The Federal Reserve doesn't think the US has enough houses. In the release of the Federal Reserve's minutes from the September meeting, the members of the Federal Open Markets Committee spoke about the various…
From: http://www.wsj.com/articles/u-s-cities-see-apartment-rents-fall-for-first-time-in-years-1475614808 -------- Apartment rents declined in some of the country’s priciest cities during the third quarter, a dramatic reversal that could signal the end of a six-year boom for the U.S. rental market. Rents in…