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CAA OFFICE CLOSED JULY 3. HAPPY 4TH OF JULY!
Join CAA/Mercy Home for Bastille Day 5K/8K run and walk
Calling all Francophones! All things French will be celebrated at this popular mid-summer event in the heart of Lincoln Park.
Join CAA members at the 34th Annual Bastille Day 5K & 8K Run, Walk & Block Party!
Thursday, July 9 starting at 7 p.m.
There are available slots to run. Click here for complete event information.
Ordinance would end free refuse removal for exempt apartments
An ordinance introduced in the Chicago City Council on June 17 and sponsored by Ald. Matt O'Shea (19th Ward) would completely remove the exemption for multi-family buildings of 5 or more units where the units are individually heated from the requirement that apartments pay for their own refuse removal. This exemption applied to rental buildings that had city refuse collection on July 19, 2000 and has not changed ownership since that time. It also changes the exemption relating to townhouses to give the Streets & Sanitation Commissioner the ability to refuse city refuse collection if the location of the containers poses a health or safety hazard with notice to the owner and an opportunity to remedy the unsafe location.
CAA comments on Affordable Requirements Ordinance proposed rules
CAA submitted the following comments on the ARO proposed rules and map to the Department of Planning and Development by the June 26 deadline.
AFFORDABLE REQUIREMENTS ORDINANCE
COMMENTS ON PROPOSED RULES
JUNE 26, 2015
CAA is concerned the proposed rules do not provide specific deadlines for approvals of the various requirements proposed in the rules, including but not limited to: 1) Affordable Housing Profile Form, 2) In Lieu Fee Adjustments, 3) Authorized Agencies and 4) off-site units. CAA fears the Department of Planning and Development's (DPD's) lack of certainty with regard to these deadlines will further discourage residential developers from building in Chicago. Developers require certainty and will build elsewhere if it does not permeate this process. As we testified during hearings, passage of the ARO amendments will serve as a significant deterrent to residential development in Chicago.
CAA recognized for member growth in NAA 10 in 2 Campaign
CAA was recognized at the National Apartment Association AE Council meeting on Tuesday, June 23, for gaining over 10,000 units since last year and was awarded an iPad Mini and a $50 Amazon.com gift card. CAA EVP Mike Mini accepted from AE Council president Russ Webb of the Georgia Apartment Association.
Commonwealth Edison Company (ComEd) provides electric service to approxiately 3.8 million customers across northern Illinois, or 70 percent of the state's population. Learn more about Smart Meters. MORE
All Nation Renovation provides a full spectrum of construction and renovation services, including major interior and exterior rehabs, customized paint projects and fire or water restorations. MORE
Sign up for Summer Social
Attendee registration for our Wednesday, Aug. 26, Summer Social networking event is open and we still have spaces left. Click here to register. The event will be held at Pitchfork Chicago on 2922 W. Irving Park Road and (due to fire code) attendance will be limited. Last year this event was a sell-out so don’t wait long to register!
Management companies-Business Exchange 2015 is your next best bet!
Join us (for free!*) from 1:30-5:30 p.m. on Wednesday, Sept. 9, at Hyatt Regency Chicago! The afternoon features 5 minute one-on-one meetings with associate members in a speed networking-styled format. While you make new contacts/touch base with vendors, you will simultaneously be helping CAA build our Political Action Committee (CAA PAC). Registration for management company employees (only) is available online for both member AND non-member management company staff. Visit the Business Exchange Web page for more information. Click here for a flyer.
CAA will announce when associate members are able to register to attend.
*Pre-registered no-shows will be billed $50/person.
Welcome new members
TODAY IS THE LAST DAY TO SIGN UP FOR CAMT
How Can You Improve Your Maintenance Teams Skills Along with Resident Satisfaction, NOI and Property Value?
Today's competitive job market means that continuing education could be the difference between getting a promotion and remaining stagnant. In fact, a recent survey of supervisors reported that 87 percent noticed an improvement in a maintenance professional's work performance after earning CAMT and 100 percent believe the CAMT certificate is a great use of time and money.
After completion of the CAMT course, company supervisors noticed that their employees:
Isn't it time you took the next step in your career by earning your Certificate For Apartment Maintenance Technicians designation?
- Improved diagnosis of maintenance issues
- Made more cost effective repair/replacement decisions
- Better managed preventative maintenance programs
- Gained confidence and had a boost in morale
WHEN: Part One: July 14-16, 2015 ~ Part Two: Aug. 4-6, 2015
CAMT TRAINING WILL BE HELD AT: CAA Office, 557 W. Randolph, Ste. 201, Chicago, IL 60661
WHO SHOULD ATTEND: All members of your maintenance team who have at least one year of apartment industry experience.
INVESTMENT: $849 includes everything you need to earn your CAMT designation
For more information on the CAMT course, pricing or to register, please contact Kim McCrossen at 703-797-0610. Registration deadline extended to June 30!
Leasing Existing Apartments in a New Construction Market
Is Newer Always Better?
Presenter: Lisa Trosien | Apartment All-Star
With 250,000 new apartments in the national pipeline for 2015 - and 10,000 alone for downtown Chicago by the end of 2016 - existing apartments need to stay as competitive as possible. But how do you do that?
Hear from Lisa Trosien as she walks you through leasing, marketing and resident retention strategies and techniques to keep your apartments full and your existing residents happy. This fast paced 2 1/2 hour session is guaranteed to give you at least a dozen new ideas on how to keep the playing field level.
Our class will cover:
* Learn how to compete with all the "new and shiny" product out there!
* Find out how to sell value in the best possible way
* See what type of follow up is getting a 100 percent response and how you can do it for your community
* Learn the three critical things that you have that new construction apartments don't have
* Find out how to market your property in the best possible way
* See technologies that are out there that you need
* Discover one of the most essential things you have to do NOW to stay competitive
* Learn how to sell better than the new guys!
* Find out how to position yourself as the "low risk provider" in your market and much more!
Tuesday, Aug. 11, 2015
Appraisal Institute | Chicago Chapter
205 W. Wacker Drive #202, Chicago, IL
Time: 9-11:30 a.m.
Member: $89.00 | Non-Member: $109.00
Maintenance Mania — Save the date
Maintenance Mania | Thursday, Oct. 15, 2015 | JC Restoration, Rolling Meadows, IL
July 14-16, 2015
Certified Apartment Maintenance Technician (CAMT)
CAA| 557 W. Randolph 2nd FL. | Chicago, IL
July 23, 2015
Fair Housing Discrimination
CAA| 557 W. Randolph 2nd FL. | Chicago, IL
Aug. 4-6, 2015
Certified Apartment Maintenance Technician (CAMT)
CAA| 557 W. Randolph 2nd FL. | Chicago, IL
Aug. 11, 2015
Leasing Class: Leasing existing apartments in a new construction market
Appraisal Institute, Chicago Chapter | 205 W. Wacker Dr. #202 |
Part One | Oct. 6-8, 2015
Part Two| Oct. 21-23, 2015
Certified Apartment Manager (CAM) & Certified Apartment Supplier (CAS)
CAA | 557 W. Randolph 2nd FL. | Chicago, IL
Congratulations new NAA designees
Amy Jankowski , Greystar Management — CAPS
Amanda Kopko, Greystar Management — CAPS
Supreme Court upholds disparate impact liability in fair housing
By Greg Brown, NAA
The U.S. Supreme Court today decided to uphold disparate impact liability under the Fair Housing Act, a legal theory that prohibits neutrally-applied practices with a disproportionate impact on minority groups protected by the law, even without proving an intent to discriminate. The 5-4 decision in Texas Department of Housing and Community Affairs v. The Inclusive Communities Project, Inc. also emphasized limitations on the policy, stating that neutrally-applied practices should not fail on disparate impact grounds unless they are "artificial, arbitrary and unnecessary."
Importantly, the majority opinion highlighted limitations on disparate impact liability to allow "practical business choices and profit-related decisions that sustain the free-enterprise system." Leeway must be given to housing providers to explain the validity of their policies. Further, a disparate impact claim is not demonstrated by statistical disparity alone. A claim must show that a challenged practice actually caused a disparate impact on a protected group, and the availability of an "alternative practice that has less disparate impact" to serve legitimate business needs.
NAA is currently conducting a detailed analysis of the Supreme Court's decision and will continue to seek further clarification on disparate impact liability.
If you receive any news media inquiries about this, please contact Carole Roper who can provide you with information to use in responding.
Department of Buildings — Message from new commissioner
Dear Industry Partners,
Please allow me to take this opportunity to introduce myself to you. My name is Judy Frydland, Acting Commissioner for the Chicago Department of Buildings as of June 9, 2015; and scheduled for confirmation by full City Council in July 2015. First, I want you know that I consider it an honor and a privilege to serve Mayor Emanuel and the residents, businesses and visitors in our great city as we work together to promote economic development while we keep buildings safe and in accordance with the Chicago Building Code.
Chicago Energy Benchmarking update: June 2015
By Karen Weigert, Chief Sustainability Officer, City of Chicago
2015 Chicago Energy Benchmarking Building Support (in-progress):
- Building Notification & Industry Outreach: Widespread building outreach is underway; covered buildings received official City notifications in April. The City and partners have also held targeted industry roundtables and other outreach with commercial and residential buildings, service providers, and SEIU Local 1 and IUOE Local 399 building engineers.
- Help Center & Guidance Materials: Operated by Elevate Energy, the Chicago Energy Benchmarking Help Center has logged nearly 900 email, phone, and web interactions to-date. Comprehensive guidance materials are available for download at www.CityofChicago.org/EnergyBenchmarking, and live support is available at Info@ChicagoEnergyBenchmarking.org or (855) 858-6878.
Why a Chicago developer may be coveting your condo
Crain's Chicago Business
How hot is the Chicago apartment market? So hot that developer John McLinden tried to buy all 492 condominiums in a Gold Coast high-rise so he could convert them to apartments. "I thought it was a long, long shot," says McLinden, managing partner of Chicago-based Centrum Partners.
It was. Unsatisfied with his price — $141 million, according to Centrum—the condo board at 1660 N. LaSalle St. rejected the offer within days, deciding not even to ask residents to vote on it.
But the attempt illustrates how the local housing market has been flipped on its head
How renting became the new homeownership
The Washington Post
The majority of American households still own their homes, a fact that will remain true as far into the future as demographers and economists can see. But the balance of homeowners and renters has been shifting in the U.S. in ways that have already altered the demographics of renting, the affordability of rental housing and the kind of new housing we build. This shift, underway since the housing bust, is flipping conventional images of what it means to rent: Renters are now living, by the millions, in single-family homes that were once owned.
An investor's guide to being a landlord
U.S. News & World Report
For real estate investors who choose to follow a buy-and-hold strategy, owning a portfolio of rental properties is the ultimate dream. And while collecting monthly cash flow from numerous units may be what drives their ambition, there is a gamble involved as well.
It's a bet that they can handle an additional job with definite overtime involved and no clock to punch. That job: being a landlord.
Misconceptions renters have about their rights and why Chicago will never have rent control
Many Chicagoans are renters and therefore have a landlord they cut a check to every month. Landlords come in various forms, from an independent property owner renting their garden unit to developers that own and manage hundreds of apartments in high-rise buildings. A renter's relationship with their landlord can affect their quality of life so it's important that both tenant and landlord fully understand and accept their rental agreement before moving forward. With that said, both landlords and renters have certain rights and legal protections regarding one another.
7701 Las Colinas Ridge, Ste. 800, Irving, TX 75063