KEY FINDINGS The proposed “Bring Chicago Home” tax increase is likely to lead to higher rents. This 167–300% increase in the cost of selling a property will hit small and mid-sized owners particularly hard: three…
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…
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…
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…
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…
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.…
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…
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…
About the Survey The Neighborhood Building Owners Alliance (NBOA), in cooperation with its affiliate members, and Kiser Group conducted an online survey of more than 150 Chicago housing providers to determine the effect of the…
About the Survey The Neighborhood Building Owners Alliance (NBOA), in cooperation with its affiliate members, conducted a second quarterly online survey of nearly 400 Chicago housing providers to determine the effect of COVID-19 on the…