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IN THIS ISSUE

CAA News
  • CAA announces slate of candidates for 2015 Board of Directors
  • Trade Show & Education Conference 2015 booth sales for new exhibitors
  • Amendments to Affordable Requirements Ordinance introduced in City Council
  • Last chance for NYKO sponsorships
  • Welcome new members


  • Education In Focus
  • Education


  • Industry News
  • With 1 industry and 1 voice, we can help Congress make good decisions!
  • A landlord-tenant dispute that brought down the roof
  • Suburban apartments tout fringe benefits
  • Developers fret as affordable-housing policy changes loom
  • Chicago wants to help you upgrade your drafty apartment
  • 5 ways to prevent rental arrears
  • The nation's top 10 busiest submarkets
  • Struggling renters want to own, but will remain tenants for years







  • CAA announces slate of candidates for 2015 Board of Directors
    CAA
    Each year the CAA gives notice to members in good standing of the incoming candidates for Board of Directors. The new board will be sworn in at the Annual Meeting to be held on Jan. 15 right before our New Year Kick-Off (NYKO). Read more about this requirement and see all the nominees here.
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    Trade Show & Education Conference 2015 booth sales for new exhibitors
    CAA
    Booths will go on sale for the April 14, 2015 show on Wednesday, Jan. 21 at 10 a.m. CST for all other CAA associate members. Click on the Trade Show & Education Conference (TSEC) event page for additional show details, including a copy of the 2015 Exhibitor Information & Contract packet which lists the three steps for registering along with sponsorship details.
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    Amendments to Affordable Requirements Ordinance introduced in City Council
    CAA
    On Wednesday, Dec. 8, Mayor Emanuel and others introduced in the City Council amendments to the Affordable Requirements Ordinance (ARO). For downtown rental projects, the proposal eliminates the 100 percent "in-lieu fee" option and includes a linked development option, so long as the off-site units are located within 1 mile of the main project. The amendments have been assigned to a joint committee of Housing and Zoning and will likely be voted on at the next city council meeting on Jan. 28. CAA continues to work in collaboration with the Homebuilders, Realtors and others to determine the impact the ordinance will have on development and strategize on how best to respond to the amendments. Click here to view a PowerPoint description of the proposal.
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    Last chance for NYKO sponsorships
    CAA









    Friday, Dec. 19 is the last day to submit your sponsorship registration. Click here for NYKO sponsorship details and here to register.

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    Welcome new members!

    Regular Members Associate Members
    Gene B. Glick Co. LeaseLabs
    Janik Family Partnership Premier Landscape Contractors

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    Education



    CAPS (Certified Apartment Portfolio Supervisor) Designation scheduled for February 2015






    Strengthen Your Front Line to Increase Your Bottom Line

    If you manage multiple apartment communities or you are an experienced apartment manager with a CAM, ARM or RAM designation, earning your Certified Apartment Portfolio Supervisor (CAPS) designation is your next step to advancing.
    Complete Course Details



    Jan. 14-15, 2015
    8:30 a.m.-4 p.m.
    Illinois Broker Management (BME 1802)
    Register/More Info: Here
    National Louis University| 122 S. Michigan | Chicago, IL

    Feb. 24-27, 2015
    8:30 a.m.-4 p.m.
    Certified Apartment Portfolio Supervisor (CAPS)
    Register/More Info: Here
    CAA | 557 W. Randolph St, Ste 201 | Chicago, IL

    March 11, 18 and 19, 2015
    Certified Apartment Manager (CAM) Blended
    Register/More Info: Here
    CAA | 557 W. Randolph, Ste 201 | Chicago, IL

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    With 1 industry and 1 voice, we can help Congress make good decisions!
    NAA
    Join us at the 2015 NAA Capitol Conference, March 15-16 in Washington, D.C., and help Congress make good decisions on issues impacting the multifamily housing industry. If we don’t educate Congress on the issues impacting our industry, we inherit the negative consequences of their choices. The apartment industry's only national advocacy event is compacted into two days to save you time and resources – March 17 for Educational Sessions and Keynote Speakers, and March 18 for our once-a-year Lobby Day on Capitol Hill.

    With his sharp intellect and quick sense of humor, David Gregory, former NBC Chief White House Correspondent and former host of NBC’s Meet the Press, will offer a comprehensive view of the current political landscape and the hot button topics that will affect 2016’s political landscape. Platon, a world-renowned, award-winning photographer and founder of The People's Portfolio, will bring his photos to life as he shares the inspiring stories behind the photos and the humanity of his subjects, from world leaders to celebrities.
    Visit the 2015 NAA Capitol Conference website to view the complete schedule. Registration is free so why not register today to become an informed, effective, confident advocate? One Industry. One Voice.
    NAA Spring Governance Meeting precedes the NAA Capitol Conference on March 15-16.

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    A landlord-tenant dispute that brought down the roof
    Crain's Chicago Business
    As landlord-tenant disputes go, this one's a doozy. It started with the landlord allegedly coming up $1.40 short in interest on a security deposit. Then came the tweet that prompted a libel suit. Now, five years later, the story has taken a new twist, with the Chicago landlord in bankruptcy court after being hit with a legal judgment it can't pay.
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    Suburban apartments tout fringe benefits
    Chicago Tribune
    Suburbs that have long thought of themselves as bucolic communities filled with houses and families are warmly embracing the very type of residence that used to make them leery: the apartment. Just don't call them rentals, a word that conjures up an image different from the projects that municipal governments are selling to their constituents. Almost 4,000 apartments in well-appointed, amenity-filled buildings with rents to match are under construction or proposed in suburbs throughout the Chicago area. They are designed to attract young professionals and empty nesters with roots in the suburbs.
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    Developers fret as affordable-housing policy changes loom
    Crain's Chicago Business
    Real estate developers are gearing up for a fight as a task force convened by the Emanuel administration moves toward calling for the City Council to tighten a key affordable-housing law. The task force, formed by Mayor Rahm Emanuel this summer, wants the council to mandate that developers include some affordable units in every new apartment building that triggers the law, typically when a project needs a significant zoning change, people familiar with the city's thinking said.
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    TRENDING ARTICLES
    Missed last week's issue? See which articles your colleagues read most.

        Illinois passes ban-the-box legislation limiting employers' criminal background checks on applicants (Jackson Lewis)
    NAR: A 'landlord's market' expected for 2015, 2016 (MarketWatch)
    Downtown apartment market cools off (Crain's Chicago Business)
    Streeterville apartments to fetch $74 million (Crain's Chicago Business)

    Don't be left behind. Click here to see what else you missed.


    Chicago wants to help you upgrade your drafty apartment
    Chicago Tribune
    If the heat in your apartment is flying out the window, Chicago wants to help. The city is partnering with CAA member Elevate Energy to upgrade 2,500 electric-heated apartments and to distribute energy-efficiency products to an additional 7,500 households across Chicago over the next three years. Building owners can apply for free energy assessments and energy-efficient light bulbs installed in common areas.
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    5 ways to prevent rental arrears
    Smart Property Investment
    There are often additional expenses and financial pressures at Christmas, so paying rent may be harder for some tenants at this time of year. Arrears can be a very long and costly process to resolve and may leave landlords considerably out of pocket and put them under significant financial stress. There are a number of measures landlords could put in place to prevent rental default from ruining their Christmas.
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    Miss an issue of CAA In Focus? Click here to visit the CAA In Focus archive page.


    The nation's top 10 busiest submarkets
    Property Manager Insider
    The U.S. apartment market has seen elevated construction levels in this cycle. But construction activity has been concentrated in some spots more than others, and MPF Research has identified the nation's 10 busiest submarkets for construction in this cycle.
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    Struggling renters want to own, but will remain tenants for years
    World Property Journal
    According to recent Freddie Mac consumer survey data, the majority of U.S. renters who are struggling financially plan to remain renters for the next three years. However, the recent financial crisis did not tarnish renters' dreams of homeownership with 91% of them viewing homeownership as something of which to be proud.
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    CAA In Focus
    Colby Horton, Vice President of Publishing, 469.420.2601
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    Esther Cho, Content Editor, 469.420.2671  
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