2022-07 NBOA State of Neighborhood Housing Survey
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…
Supporting the NBOA at this Critical Juncture: The NBOA needs your support at this critical time.
NBOA has only enough money in its bank account to to see us through for the next month and a half. Unless NBOA can generate an influx of revenue, we will be required to make some really…
2022-01 NBOA State of Neighborhood Housing Survey
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…
2021-10 NBOA State of Neighborhood Housing Survey
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…
2021-07 NBOA State of Neighborhood Housing Survey
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…
2021-04 NBOA State of Neighborhood Housing Survey
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.…
2021-01 NBOA State of Neighborhood Housing Survey
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…
2020-10 NBOA State of Neighborhood Housing Survey
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…
Chicago Tribune: Chicago’s two-, three- and four-flats are a key source of affordable housing. The pandemic might be changing that.
Small Housing providers are the backbone of Chicago’s neighborhoods, but they are struggling. We all know how hard housing providers work, and how much they care about their residents. We all have countless stories about…