As the Chicago multifamily industry continues to adjust to new realities in nearly every phase of our business.
As a resource to the broader Chicago real estate community, as well as to other real estate professionals, the NBOA is hosting a series of Zoom Webinars. We hope these sessions will offer folks important and valuable information and perspective.
Illinois Housing & Development Authority (IHDA) Emergency Rental Assistance Program Overview
In an effort to keep COVID impacted tenants in their apartments, the federal government is distributing substantial sums to the State of Illinois to cover lost rental income. Through the Illinois Housing Development Authority (IHDA), the State will distribute a bulk of the money.
We highly recommend that those of you seeking to collect emergency rental assistance learn more about how both the City and IHDA programs will work, and to also understand their differences. You can apply to both programs, but only accept funds from one.
The Neighborhood Building Owners Alliance ("NBOA") and Community Investment Corporation ("CIC") are featuring the City and IHDA programs at two webinars, one for each program.
City of Chicago Emergency Rental Assistance Program Overview
In an effort to keep COVID impacted tenants in their apartments, the federal government is distributing substantial sums to the State of Illinois to cover lost rental income. Through the City of Chicago will be distributing substantial sums as well.
We highly recommend that those of you seeking to collect emergency rental assistance learn more about how both the City and IHDA programs will work, and to also understand their differences. You can apply to both programs, but only accept funds from one.
The Neighborhood Building Owners Alliance ("NBOA") and Community Investment Corporation ("CIC") are featuring the City and IHDA programs at two webinars, one for each program.
IDHA Rental Assistance Program During Covid - Getting It Right
Let’s be prepared in the event the federal government furnishes more rental relief directed to housing providers. IHDA and NBOA will review the program that we just completed, answer remaining questions, and consider constructive suggestions moving forward.
Join IHDA Executive Director Kristin Faust, crucial IDHA staff and NBOA housing providers from different Chicago neighborhoods to explore these important solutions as we work together to ease today’s urgent housing challenges.
Evaluating the New Eviction Moratorium
By now, most of us know about Governor Pritzker’s Executive Order modifying the state wide moratorium so that it closely follows the CDC’s guidelines issued last September.
How does this effect all of us? How do we move forward?
Grab your favorite beverage and hear from industry experts - all associated with the NBOA and our affiliates, and don’t hold it against us that they are all lawyers!!!
Recorded Friday, November 20, 2020
Survey, Scotch 'N Suds: Webinar Analysis of NBOA Market Survey and Political Implications
Listen to an esteemed group of experts as NBOA releases its Fall market survey regarding collections and vacancy, followed by an assessment of pending legislation and governmental actions in light of these results.
About The Panelists
Mike Glasser
Mike is the president of The Neighborhood Building Owners Alliance (NBOA), which is an advocacy group with representatives from eight Chicago based grassroots housing provider organizations from throughout Chicago's neighborhoods. In recent years, the NBOA has advocated on behalf of housing providers on statewide issues like rent control; Cook County issues like the Just Housing Ordinance, and many City wide issues, including RLTO reform.
Doug Imber
Doug has been active in the apartment industry since 1987, and co-founded Essex in 1990. In addition to his work in multi-family brokerage, Doug has sponsored the acquisitions and operations of 5,000 apartment units across the United States.
Jay Johnson
Jay is the president of Cornerstone Investment Group, Inc. a company that focuses on repositioning multi-family rental properties on Chicago’s north side. He has led the development and repositioning of over 1,500 homes, ranging from the construction of a single-family home to large scale developments of both for-sale and large multi-family rental homes.
Joe Moore
Joe is an experienced government affairs consultant and lobbyist, who served for 28 years as a member of the Chicago City Council and seven years as an attorney in the City of Chicago Department of Law.
Stacie Young
Stacie is the Director of The Preservation Compact, a 10-year old policy collaborative to preserve affordable rental housing in the Chicago metro area, targeting both the Naturally Occurring Affordable Housing stock, and the government assisted stock.
2020 Northside Owners Rental Review
We are pleased to present Chicago's Northside Owners' Rental Review Webinar. "What happened this year?"
This moderated panel discussion provides a unique and from the front line perspectives about multifamily housing on the north side of the city.
About the panelists:
Diane Tanios
Real Estate professional and Managing Broker since 2012. Her experience grew organically, managing her family's properties while navigating through the credit crisis and more recently through Covid-19. Her unique view on the industry and being a landlord in Chicago has led to the generation of new community through shared resources. By creating resident initiatives such as a community garden, outdoor movie nights, and driving attention to vacant commercial space through the use of highly stylized pop-up concepts, she has thrived in the current, and challenging, economic climate.
She is a Mayoral appointee to Special Service Area #8 in the East Lakeview community and has served on their Festival of the Arts Committee for the last 15 years. She recently joined the North River Commission and is an active member of the Small Business Advocacy Council, where she diligently works on policies to assist small business owners in IL.
Sal Becovic
As a vertically integrated real estate firm and long-term owner, Becovic Management believes in reinvesting in their buildings and neighborhoods. Through this, they promise to simultaneously sustain the integrity of their 1,800 units while staying current with trends in design, technology and amenities.
As long-term owners and community members, Becovic believes in the integrity of the historic neighborhoods where they live and invest. From their own long-standing familial roots in these neighborhoods to the vitality of their futures, they are committed to preserving the character and cultural diversity of Chicago's north side.
Jeffrey Michael
An experienced legal and business professional, Jeffrey Michael has served as chief operating officer of the Horizon Realty Group for 18 years. Headquartered in Chicago, Illinois, this multi-family real estate investment and management firm currently owns 22 buildings in Chicago proper and two buildings in the surrounding suburbs. Mr. Michael's responsibilities with the firm include sourcing new property acquisitions, spearheading relevant construction and renovation projects, and managing the company's debt portfolio. He also ensures the firm's legal compliance and oversees general operational processes.
He previously served four years as an associate with the Chicago-based law firm Altheimer & Gray. This position involved facilitating complex acquisition and financing for a diverse client base of real estate developers/investors and lending institutions across the United States.
Jim Jann
Jim has been developing, renovating and operating north side multi-family residential properties for over twenty years. He has built apartment buildings, condominium development, and single family homes all over the north side of Chicago.
Jim is very active in real estate trade associations, having served as president of the Lincoln Park Builders Club and c of the Real Estate Investment Association. He is a graduate of the University of Illinois and Northwestern University of Law and is a former prosecutor with the Cook County States Attorney.
Sam Goldman
Founder and principal of Arbor Investment Management LLC, a Chicago-based family office that invests in an array of multifamily apartment and other commercial properties in Chicago and other growing urban markets around the United States. Through a variety of debt and equity platforms, Sam's involvement in commercial real estate extends from developmental projects to 'Class-A' stabilized assets with project sizes ranging from neighborhood walk-up to institutional-grade communities. Sam closely follows local and national housing and development policy.
Sam is a member of the Lincoln Park Builders of Chicago ("LPBC"), the Edgewater Uptown Builders Association, the Rogers Park Builders Group and represents LPBC as a board member of the Neighborhood Building Owners Alliance. Sam lives in Wicker Park.
The Latest on the Eviction Moratorium
Moderator Michael Glasser, NBOA President
Panelists Ebony Lucas, Attorney The Property Law Group
Michael Zink, Law Offices of Starr, Nejgiert, Zink & Rowells
Jill Tanz, Mediator Center for Conflict Resolution
Discussion Topics
We invite all members of Neighborhood Building Owner Alliance and it's affiliates to this one hour event - registration will be required.
Topics
Statewide Moratorium - Status
CIty's Eviction Protection Ordinance
Post Moratorium Challenges
Can Mediation Prove Helpful?
Surviving the Real Estate Roller Coaster An Apartment Market Update
April 1, 2020
A Discussion with County Assessor Kaegi and Chief Valuation Officer Meyer
On Thursday April 9th, Cook County Assessor Fritz Kaegi and Chief Valuation Officer Donald Meyers discussed the impact of the Covid crisis on our assessment process with Michael Glasser and Sam Goldman of the NBOA
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