NBOA in the Media

The RealDeal, April 19, 2023.
Johnson’s transfer tax: Industry weighs in on mayor-elect’s proposal to more than triple city’s take on $1M-plus property sales  The proposal, if passed into law, will almost certainly impact smaller business owners, landlords and, over the long term, renters, according to Michael Chioros of the industry group Neighborhood Building Owners Alliance. “Some people think landlords pocket 100 percent of the rent, the reality is we’re lucky if we get 5 or 6 percent of that at the end of the year,” he said. “It’s the same thing with a sale. It’s not this big pot of gold that someone’s getting.”

Chicago Tribune, February 21, 2023
New property tax incentive could remake Fulton Market and other neighborhoods into havens for affordable housing
“All these kids go to the local school, the parents are on the local school council, so this is a nice opportunity for them to stay in the neighborhood,” [NBOA Board member Andrew] Levin said. “That’s what [this tax incentive program is] all about. It’s also a way for me to stay in business as well, and who better to own these properties than a local guy who knows all their stories?”

Chicago Tonight, WTTW, October 13, 2022.
news.wttw.com/2022/10/13/chicago-tonight-your-neighborhood-rebuilding-austin-following-building-explosion
Leodus Thomas of GADA discusses a neighborhood housing provider’s actions in the aftermath of a building explosion.

NTD News, and online business news program. March 30, 2022. Soaring Home and Construction Costs Affect Landlords.” youtu.be/ug1CZX6MzC0?t=732  Based on the relationship we have established with his outlet, the reporter reached out to us, and we connected him with Steve Shah, long-time member and a leader in the NBOA community.

Chicago Tribune, March 5, 2022. “Chicago’s two-, three- and four-flats are a key source of affordable housing. The pandemic might be changing that.”
www.chicagotribune.com/real-estate/ct-re-two-three-flat-pandemic-changes-20220305-4o64im5vsbh4pjyckyivgvblsy-story.html
We worked with the reporter to include NBOA member Peg Olson, who shared the struggles of small housing providers during Covid. “Olson, a former nurse, no longer works regularly so she couldn’t pick up extra shifts to cover her costs, she said. She has had to weigh her grocery list against her bills. “I still have my mortgage, I still have heating, I still have taxes,” she said.”

Chicago Tribune, February 22, 2022. “Renters facing eviction could receive free legal aid under new $8 million city initiative.”
www.chicagotribune.com/news/breaking/ct-chicago-evictions-lawyers-legal-aid-lori-lightfoot-20220125-wn7kdfm6drcqza53imtnbn2sdy-story.html
Michael Zink, a housing attorney who is active in the small landlord association Neighborhood Building Owners Alliance, said the Lightfoot administration’s effort fails to address what he sees as one of the most pressing issues for mom-and-pop landlords: delays in the court process.

Streetwise, January 17, 2022. “Cook County Diverts Predicted COVID-19 Eviction Avalanche.”
issuu.com/streetwise_chi/docs/jan17-23_2022_issuu (page 7)
This story might have been negative regarding housing providers, but our team worked extensively with the reporter, who was happy to tell a balanced and accurate story. “Nationally, mom and pop landlords own more than 75% of the small rental properties that are home to most unsubsidized low-income families, particularly families with children.”

Chicago Tribune, January 2, 2022. “Meet Bonita Harrison, a South Sider bent on making affordable housing a reality.
www.chicagotribune.com/real-estate/ct-re-bonita-harrison-affordable-housing-1220-20220103-f5entwuoyfexxlxhtssrhusuza-story.html
We were able to place this powerful article because we have a compelling story to tell, and because of passionate, articulate members like Bonita Harrison.
“After much conversation about tenant and landlord relations during the pandemic and hundreds of millions of dollars of rental assistance going to thousands of the former for the latter, Michael Glasser, president of the Neighborhood Building Owners Alliance, wants people to know losses like Harrison’s can influence the housing market in an area, and lead to disinvestment. A recent study by the Alliance, which represents Chicago’s small to medium-sized landlords, showed continued hardship for housing providers in the south and west sides and suburbs.”

This story also ran in a number of outlets across the country, including:
news.yahoo.com/meet-bonita-harrison-south-sider-162600650.html

Chicagoan is bent on making affordable housing a reality

www.dailyadvent.com/news/a337374235bffcf2e1c7b864ad12e67c-Meet-Bonita-Harrison-a-Chicagoan-bent-on-making-affordable-housing-a-reality
www.bakersfield.com/ap/news/meet-bonita-harrison-a-chicagoan-bent-on-making-affordable-housing-a-reality/article_6599d97a-2c53-5d1c-8f4c-462a1f9fbd98.html

2021

ReJournals, December 28, 2021. “The pandemic created a big opportunity for private equity, but squeezed independent Chicago landlords.”

The pandemic created a big opportunity for private equity, but squeezed independent Chicago landlords

This respected trade publication did a deep dive into the Chicago residential rental market, focusing on NBOA’s quarterly survey, and prominently featuring NBOA member Sal Becovic.

Chicago Sun-Times, November 26, 2021. Editorial opposing the Just Cause ordinance.
Creating more housing stability for Chicago renters – Chicago Sun-Times
We worked closely to change a pro-Just Cause editorial into this piece, which opposed it.
“We question the wisdom of requiring landlords to pay substantial relocation costs in no-fault lease terminations. Even small amounts can be a burden on small-scale landlords — the majority of Chicago’s housing providers.”

Chicago Sun-Times, October 31, 2021. We can be grateful that no wave of evictions has occurred since the moratorium was lifted. Letter to the Editor by Michael Glasser.
chicago.suntimes.com/2021/10/31/22752777/illinois-eviction-moratorium-pandemic-rental-assistance-neighborhood-building-owners-letters
“Our policymakers need to acknowledge the valuable role played by neighborhood housing providers. Rather than demonize them and impose punitive regulations that drive up the cost of providing housing, our legislators need to look for ways to support our small- and medium-sized housing providers.”

The Patch, October 28, 2021. Illinois Distributes All Of First-Round Rental Assistance.
patch.com/illinois/chicago/illinois-distributes-all-first-round-rental-assistance
Michael Glasser, president of the Neighborhood Building Owners Alliance, said it is beneficial for renters to apply for assistance because housing providers prefer not to go through the long legal process of eviction, but sometimes it is unavoidable.

Advantage News, October 28, 2021. Illinois Distributes All Of First-Round Rental Assistance.
www.advantagenews.com/news/local/granite-city-news/illinois-distributes-all-of-first-round-rental-assistance/article_feb5687e-381b-11ec-9e36-3fc5309cd4fa.html
Features quote from Michael Glasser.

NBC-5, October 7, 2021. As Illinois Eviction Ban Ends, All Eyes On Financial Rental Assistance Available.
www.nbcchicago.com/top-videos-home/as-illinois-eviction-ban-ends-all-eyes-on-financial-rental-assistance-available/2630714/
Profile of Derick, and his struggles as a housing provider.

NBC-5, October 6. List of on-line resources.

Following End to Illinois Eviction Ban, All Eyes On Financial Rental Assistance Available

“(NBOA) represents small and medium sized housing providers. It offers informational seminars on issues related to the COVID-19 pandemic, and regular emails with resources and information for housing providers.”

WBEZ, November 5, 2021. Chicago Renters Fear A Wave Of Evictions Are Coming. Here’s How Some Are Preparing.
www.wbez.org/stories/as-the-pandemic-rages-on-chicago-renters-are-organizing-for-support-and-protection/1ce195d9-10c7-4fba-a998-3c843006b1cb
“In a recent survey released about September rents, [NBOA] owners said collection is down more than usual. A third said they’re losing money. And half said they have tenants that refuse to communicate with them.”

92.9 FM, October 5, 2021. What’s Next after End of Illinois’ Eviction Moratorium.

Illinois’ eviction moratorium is over. What’s next?

Center Square, October 5, 2021. Illinois’ eviction moratorium is over. What’s next?
www.google.com/url?rct=j&sa=t&url=https://www.thecentersquare.com/illinois/illinois-eviction-moratorium-is-over-whats-next/article_8a464f62-2605-11ec-9e4b-1ffd2a5ec16c.html
“Most rental housing is owned by a housing provider who only owns a handful of units, and if you have just one or two units that are unable or unwilling to pay, that can add up very quickly to a real crisis.”

WLS TV-7, October 1, 2021. Chicago Cook County emergency rental assistance program adds $75M for suburban residents, applications open.
abc7chicago.com/cook-county-emergency-rental-assistance-erap-program-illinois-rent-programs/11069248/
Interview with Corey Oliver

WTTW, Chicago Tonight, October 1, 2021. As Illinois’ Ban on Evictions Ends Sunday, Officials Scramble to Ramp Up Aid.news.wttw.com/2021/10/01/illinois-ban-evictions-ends-sunday-officials-scramble-ramp-aid
“A survey by the Neighborhood Building Owners Alliance found that Chicago housing providers have not been paid $1 billion in rent since March 2020.”

St. Louis Public Radio, October 1, 2021. What to know ahead of this weekend’s eviction moratorium expiration.
news.stlpublicradio.org/government-politics-issues/2021-10-01/what-to-know-ahead-of-this-weekends-eviction-moratorium-expiration

Illinois Capitol News, October 1, 2021. What to know ahead of this weekend’s eviction moratorium expiration.
capitolnewsillinois.com/NEWS/what-to-know-ahead-of-this-weekends-eviction-moratorium-expiration

Chicago Tribune, August 28, 2021. CDC ban, state eviction moratorium: What’s next for Illinois renters?
www.chicagotribune.com/news/ct-cb-illinois-eviction-moratorium-what-you-need-to-know-20210827-7zntjj3ta5ezdddsgvyt7ckria-story.html

The Center Square , August 27, 2021. After Supreme Court eviction decision, Illinois landlords speak out
www.thecentersquare.com/illinois/after-supreme-court-eviction-decision-illinois-landlords-speak-out/article_e821de0c-076b-11ec-98fc-57ea37bb952e.html
Glasser warned of a pending debt tsunami once the moratorium is lifted.

Hyde Park Herald, August 27, 2021. State eviction moratorium amended, extended til Sept. 18
www.hpherald.com/news/local/state-eviction-moratorium-amended-extended-til-sept-18/article_f1c4b08e-074c-11ec-95d8-db4181f78997.html
“Just because we can evict doesn’t mean we want to,” said Michael Glasser, president of the NBOA.

Chicago Sun-Times, August 27, 2021. Pritzker extends Illinois’ eviction moratorium after U.S. Supreme Court nixes federal version
chicago.suntimes.com/coronavirus/2021/8/27/22645108/eviction-moratorium-supreme-court-ruling-illinois-tenants-landlords-pritzker-housing-extension
Glasser said eviction “is a tool that can help us bring the parties to the table — and we need that tool.”

Daily Herald, August 27, 2021. State eviction moratorium stands despite U.S. Supreme Court decision
www.dailyherald.com/news/20210827/state-eviction-moratorium-stands-despite-us-supreme-court-decision–
“Often, invoking the eviction process brings a tenant to the table, resulting in productive negotiations.”

Chicago Tribune, August 27, 2021. CDC ban, state eviction moratorium: What’s next for Illinois renters?
www.chicagotribune.com/news/ct-cb-illinois-eviction-moratorium-what-you-need-to-know-20210827-7zntjj3ta5ezdddsgvyt7ckria-story.html
In the meantime, landlords waiting for assistance were making fewer improvements and repairs to buildings, according to the Neighborhood Building Owners Alliance.

NTD News (national on-line video newscast), August 4, 2021. On-air interview regarding evictions and rental delinquencies (story begins at 10:26)
mb.ntd.com/ntd-business-full-broadcast-aug-4-2_654253.html

Chicago Tonight, August 4, 2021, On-air interview about rental assistance and moratorium ending
news.wttw.com/2021/08/04/explainer-will-new-cdc-moratorium-keep-tenants-housed

Center Square, August 4, 2021, Story on rental assistance and moratorium ending
www.thecentersquare.com/illinois/landlord-association-pushes-for-rental-assistance-amid-changing-eviction-rules/article_b10f4d36-f556-11eb-87a9-dbced3051b27.html

Chicago Sun-Times, August 2, 2021, Editorial on rental assistance
chicago.suntimes.com/2021/8/3/22607735/rental-relief-tenants-landlords-evictions-editorial

CBS 2 Chicago, August 2, 2021, Story on rental assistance and moratorium ending
chicago.cbslocal.com/2021/08/02/eviction-moratorium-chicago-rental-assistance-limbo/

Crain’s Chicago Business, August 2, 2021, Story on moratorium ending
www.chicagobusiness.com/residential-real-estate/officials-push-avoid-tsunami-evictions

WGN, August 2, 2021, Story on moratorium ending
wgntv.com/news/coronavirus/evictions-expected-to-spike-as-federal-moratorium-ends/

Chicago Tribune, July 30, 2021, Opinion column on ending the moratorium
www.chicagotribune.com/opinion/commentary/ct-column-covid-19-eviction-moratorium-chapman-20210730-4rmnnaboyfcqtatzd4p372vzku-story.html

WBEZ, July 26, 2021, Story on moratorium ending
www.wbez.org/stories/as-the-phase-out-of-illinois-eviction-moratorium-nears-some-remain-on-edge/ffa0cf45-c362-43a1-b5aa-86a7d5534506

WTTW, July 24, 2021, Story on moratorium ending
news.wttw.com/2021/07/24/eviction-ban-ends-housing-organizations-say-assistance-programs-will-be-key

WTTW, July 18, 2021, Story on moratorium ending
news.wttw.com/2021/07/14/illinois-ban-evictions-end-aug-31-pritzker-says

Center Square, July 4, 2021, Story on NBOA proposal for moratorium
www.thecentersquare.com/illinois/housing-group-says-landlords-have-lost-1-billion-during-pandemic/article_08a4a26a-da97-11eb-a504-f3e9b03ac08a.html

Chicago Reporter, July 1, 2021, Story on the plight of housing providers
www.chicagoreporter.com/rent-moratorium-creates-anxiety-on-both-sides/