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Source of income as a protected class goes into effect August 2013
The Cook County board took up the elimination of the exemption in the county's Human Rights ordinance that left whether to accept a Housing Choice Voucher up to the owner. In August 2013 the ordinance prohibits an owner from refusing to accept a Housing Choice Voucher tenant simply because they have a voucher.
On July 16, CAA and members will meet with Richard Monocchio, executive director of the Housing Authority of Cook County to plan education sessions for our members and to discuss program components
State of Illinois
CAA will be responding the Illinois State Fire Marshall's proposed administrative rules to adopt requiring sprinkler retrofit in pre 1978 and historical commercial and multifamily buildings including condominiums and coops;
NFPA 101 – Life Safety Code 2010
NFPA 101A - Guide on Alternative Approaches to Life Safety 2013
NFPA 914 – Code for Fire Protection of Historic Structures 2010
NFPA 13 D – Installation of Sprinkler systems in one- and two-unit family dwellings and manufactured housing
City of Chicago continues to introduce burdensome legislation
Review proposed ordinances on Energy Benchmarking and Smoking Disclosure when its available on the CAA website.
CAA Business Exchange
Registration opens July 19
On Aug. 16 we will host our highly anticipated second annual speed networking event. The event is free to property management member company owner/manager executives and $350 per associate member individual. Visit our website for important registration information/rules.
Owner/Management CAMME judges needed
CAMME is a peer to peer judged program and we could not accomplish this without the support of members like you. Please consider volunteering to judge some of our members’ finest this year. Click here for a Judges Commitment Form or here for the 2013 judging dates.
Welcome new members!
Apartment All Stars is back! Save the date; sign up today!
For the first time in several years, this unique blend of national speakers returns to Chicago for an innovative and motivating leasing seminar to help you get ahead of leasing trends to compete in today's rental market. Join us Sept. 25 at U.S. Cellular Field Conference Center (free parking) and stay in the game!
3rd annual Maintenance Mania Competition & Education Conference: Save the date; sign up today!
On Nov. 14, more than 100 multifamily maintenance technicians will come together at JC Restoration in Rolling Meadows to share best practices and compete in skill-based table games (in addition to a pinewood derby!). Registration is now open and sponsorships are available and selling fast. Don't miss the opportunity to support and cheer on some of our industry's most valuable players!
Low-income rental market contracts
The Wall Street Journal
Low-income renters are facing increasingly difficult prospects when looking for housing because more people are falling into poverty, and budget woes are cutting into the supply of government-subsidized housing, according to a Harvard study.
Between 2007 and 2011, the number of extremely low-income renters, or those earning 30 percent or less of the median income in their communities, rose by 2.5 million to 12.1 million, according the State of the Nation's Housing, a report produced annually by Harvard University's Joint Center for Housing Studies.
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New Illinois housing program to transform vacant homes into affordable housing opportunities
The Illinois Housing Development Authority recently announced the launch of an innovative program that will target $6.6 million to help low-to-moderate-income families afford homeownership and return vacant homes to productive use in communities across Illinois.
This is the latest effort announced as part of Gov. Pat Quinn's proclamation of 2013 as the Year of Homeownership, and will further his administration's continued commitment to strengthen and stabilize communities.
The online rental market is becoming a hotbed for scams
Since lenders have tightened their requirements for getting a mortgage — which is making it harder to buy a home — the rental market is hot right now. Turns out, so is the online identity theft market, which is why it's no surprise that identity thieves are attacking people who are looking to rent.
Gouletas' big apartment deal collapses after financing falls through
Crain's Chicago Business
Condominium developer Nicholas Gouletas has come up short on one of the biggest deals of his career.
A venture led by Gouletas signed a contract in May to pay $950 million for a 13-property, 3,866-unit apartment portfolio owned by investors including Starwood Capital Group. But the Gouletas venture recently defaulted on the contract after failing to line up financing for the acquisition, according to people familiar with the situation.
Housing starts miss expectations, but overall tone upbeat
Reuters via Chicago Tribune
Housing starts rose less than expected in May, likely reflecting labor and material constraints, but the overall trend remained consistent with strength in the housing market.
Though permits for future home construction fell, that followed a surge in April, which hoisted them above the 1 million-unit mark. The pullback last month reflected a drop in the volatile multifamily sector, but permits for single-family construction touched their highest level in five years.
Study: Same-sex couples suffer discrimination in rental market
A national study released confirms what many LGBT people have undoubtedly suspected: Same-sex couples experience discrimination in the rental housing market, even when business is conducted online.
In the first national study dealing with such discrimination in rental housing advertised on the Internet, the U.S. Department of Housing and Urban Development found that same-sex couples received significantly fewer responses to emails about advertised units than heterosexual couples did.
Change in the air: Rental smoking bans
It's becoming increasingly difficult to be a renter and a smoker.
Although numerous landlords long have maintained nonsmoking policies, the bans are gaining momentum, according to Rick Haughey, vice president of operations and technology for the National Multi Housing Council, a trade group for landlords.
The issue, from the nonsmokers' point of view, comes down to secondhand smoke that seeps and drifts from unit to unit. But from some smokers' viewpoints, such policies are a privacy intrusion.
Strong rental market brings wave of renovations
With a Wi-Fi lounge, up-to-date fitness center and apartment units with espresso-finished cabinets, The Woods of Burnsville in Minnesota might seem like one of the new rental complexes springing up around the Twin Cities.
In reality, it's a 1980s-era property undergoing an ambitious makeover — one of a growing number of obsolete rentals upgraded to satisfy the demand for trendy apartments that has spread to the suburbs.
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