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…
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…
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…
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.…
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…
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…
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…
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…
On Sunday January 2, 2022, the Chicago Tribune ran this great story on the front page of its Real Estate section. The article showed the challenges facing neighborhood housing providers by telling the story of…
REJournals posted this year-in-review story about the local multi-family scene, and it featured NBOA members and our NBOA State Rental Housing Survey. The pandemic created a big opportunity for private equity, but squeezed independent Chicago…