Block Club News included the NBOA in its review of the impacts of the proposed increase in the Title Transfer Tax:

Miguel Chacon, a realtor, landlord and member of the Neighborhood Building Owners Alliance, echoed those concerns. He said the plan would ultimately result in landlords jacking up rents across Chicago.

“Everyone is going to start raising their rents. And $1.5 million dollars is a very low threshold to get across,” he said. “There’s a lot of different avenues that the city can take to raise additional revenue, but to impact just one industry, as if the real estate market is entirely responsible for homelessness, is just not the right direction.”