The NBOA was prominently featured in the September 14, 2023 Chicago Tribune story about the proposed Title Transfer Tax increase.
Miguel Chacon, a landlord and real estate broker for small-to-midsize property owners in Pilsen, called the ordinance “terrible” and said “it will hurt renters more than anyone else,” as property owners will have to pass on added costs to tenants.
“I don’t understand how politicians think this is a good idea,” said Chacon, who is also a member of the Neighborhood Building Owners Alliance. “It just goes to the opposite of trying to avoid homelessness when you’re raising the rents for all renters across the city.”