Events / Webinars

THE BRING CHICAGO HOME TAX INCREASE:
Its Impact on Downtown, Neighborhood Multifamily, Homeowners and Tenants.

Last week, Mayor Brandon Johnson and his City Council allies introduced the Bring Chicago Home Ordinance, which would impose a substantial increase in the transfer tax on all real estate transactions exceeding $1 million. The sponsors of the ordinance pledge to use the proceeds from the tax increase to address homelessness issues in Chicago. But, at what cost?

Learn more about the proposed ordinance, its dire impact on our struggling downtown and neighborhood multifamily, and its likely consequences on Chicago homeowners and renters.

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Each August, NBOA hosts a gathering of hundreds of neighborhood housing providers, managers and professionals serving the multi-family industry throughout the Chicago area. If you’ve attended any of our previous Summer Soirees, you know it provides an amazing opportunity to network with like-minded professionals while enjoying delicious food, drink, and music under a summer evening sky.

Proceeds from the event help support the work of the NBOA, a non-for-profit association of neighborhood building owners groups who represent the interests of Chicago’s small- and mid-size housing providers.

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We are all familiar with Chicago and regional efforts to resettle new migrants. While migrants are waiting to be processed, many remain unhoused. Apartment owners and housing providers play an active role proving the needed housing.

The Neighborhood Building Owners Alliance (NBOA) and the Latino Real Estate Investors Council (LREIC) have come together to provide guidance. Our expert panelists will provide the latest insight as we learn how we may be able to house and employ our new waves of immigrants.

MODERATOR
Rafael Leon
Executive Director
Chicago Metropolitan Housing Development Corporation (CMHDC); Board Member, LREIC

PANELISTS
PAUL ROLDAN
President
Hispanic Housing Development Corp.

KALMAN RESNICK
Partner
Hughes Socol Piers Resnick & Dym, Ltd.

ANDRE VAZQUEZ
Alderman (40th)
Chair, City Council Immigration Committee

AMI NOVORYTA
Chief Program Officer
Catholic Charities of the Archdiocese of Chicago

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In her tenure serving as President of the Metropolitan Water Reclamation District (MWRD, Kari Steele has proven to be an able administrator, serving with honor and distinction, overseeing a billion-dollar budget.

Ms. Steele is now running for Cook County Assessor. How would she plan on operating the Assessor’s office differently than the incumbent? What kind of systematic changes to the assessment system would she envision? How would assessments for neighborhood housing be impacted if she were to prevail?

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This year, many Cook County housing providers and property managers are facing significant challenges when attempting to enforce their leases.

Eviction cases – Housing providers and managers are facing lengthy return dates when cases are filed and confusion and challenges in moving cases forward.
Court Based Emergency Rental Assistance - The only current source of rental assistance for housing providers and tenants is Court-Based Rental Assistance, available only when evictions are filed. What are the best practices for accessing these funds?
Mandatory Mediation - A Circuit Court initiative launched last year known as the Early Resolution Program (ERP) requires that tenants be given significant time to consult with legal aid attorneys and court administrators about their options before their cases proceed to a trial judge. How does this new program work?

On Tuesday, May 17, we heard hear from two key people knowledgeable about these issues.

Bob Glaves, Executive Director of The Chicago Bar Foundation - Bob was instrumental in creating the ERP program and helping engineer some of the Cook County Court reforms designed to improve the flow of cases and, when possible, provide rental assistance to housing providers and tenants.

Dan Cassell, ERAP Program Director, CIty of Chicago Department of Housing - Dan will talk about the Court-Based Rental Assistance program. How long will these funds likely remain available, and how can parties access these funds in the most expeditious manner?

Representatives from the offices of the Circuit Court of Cook County and the Cook County Sheriff were also available to answer questions pertaining to their roles in the eviction process.

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We've experienced this story many times. Misguided and ill-conceived housing legislation is adopted in our nation's coastal cities and eventually makes its way to Chicago.

San Francisco, Los Angeles, Washington, D.C., Seattle, and Oakland, Calilfornia, have given birth to much of this legislation, but none of these cities holds a candle to New York City--the birthplace of rent control and home to some of the most oppressive housing regulations in the nation.

Meet Jay Martin, the Executive Director of NBOA's counterpart in New York City, the Community Housing Improvement Program (CHIP).

CHIP is a trade association for owners of over 400,000 rent-stabilized rental properties across New York City’s five boroughs. Founded in 1966, CHIP is a leader on a range of housing issues, including rent regulations, lead paint, property taxes, and water rates. CHIP advocates for the rights of property owners, empowering them to make major investments in their properties and achieve financial sustainability while maintaining affordable properties.

We will lead off our discussion with a focus on New York City's rent stabilization programs (the "rent control" policies that New York adopted in the 1940s, which allowed for no rent increases whatsoever, have largely been replaced by rent stabilization policies, which allow rent increases by a small, set percentage each year).

We will learn about the enormous challenges New York housing providers face with rent stabilization and how government-appointed rent stabilization boards set rent increases each year, and the arduous process housing providers must undertake to receive permission to increase rents above the cap. With rent stabilization in place, do apartments ever actually change hands? What market distortions does rent stabilization create?

We will also cover other issues facing New York City housing providers, including an effort in the state legislature to enact a law that provides tenants with a permanent entitlement to their apartment. New York's “Good Cause Eviction" proposal is very similar to the "Just Cause Eviction" ordinance introduced last year in Chicago's City Council.

Also, what issues do New York housing providers face with property tax assessments? How long does it take in New York to receive an order of eviction?

It’s important to learn about the challenges faced by our New York City colleagues so we can prepare for the fights ahead in the Chicago City Council, the Cook County Board and the Illinois General Assembly.

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The Neighborhood Building Owners Alliance (NBOA) is the voice of neighborhood housing in Chicago. For 18 years, the NBOA has been representing Chicago’s small and mid-sized housing providers, most of whom live, hire and buy supplies in the communities they serve. The work we do and effect we have is overwhelming accomplished by the vast time our volunteers provide. But our results are also accomplished with the assistances of our paid professionals. The support from our members is important to our continued success.

In this webinar, you will hear from an original founder about how we got started to the tremendous adjustments NBOA made once COVID hit and our important mission moving forward.

You can support us by going to our website:
nboachicago.salsalabs.org/NBOADonationForm/index.html

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State's Attorney Kim Foxx joins the NBOA in a discussion of consequential issues impacting the future of Chicago
Public safety is on everyone's mind, including those of us who own and manage neighborhood multifamily buildings.

Currently in her second term, State's Attorney Kim Foxx
approaches her job differently than her predecessors.

We will learn about her approach to prosecuting crime in Cook County and how it has evolved during her six years of service as State's Attorney. We will also discuss specific public safety issues that impact those of us who invest in neighborhood multifamily housing.

Several NBOA housing providers will be on hand to discuss how public safety issues impact us, and to present important questions.

On Tuesday, March 29, State's Attorney Kim Foxx joined the NBOA in a discussion of consequential issues impacting the future of Chicago.

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Assessor Fritz Kaegi is no stranger to NBOA. He and his staff have attended several NBOA Zoom calls in the past few years. We look forward to meeting with him again at our Tuesday, March 22, Noon Zoom call.

First, Assessor Kaegi will discuss the Cook County Affordable Housing Special Assessment Program. Learn about this new program, which is similar to the old Class 9 Program. If you make certain improvements to your property and maintain a certain percentage of your units as affordable, you can receive reductions in your assessment ranging from 25 to 35%.

After we learn about the Special Assessment Program, we will switch to an interview format with the Assessor in which we will cover a range of important and, in many ways, urgent issues affecting the assessments of neighborhood multifamily buildings.

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