On Sunday, December 20, Congress approved a $900 billion COVID-19 relief bill. The agreement includes rental relief, additional funding for loans, simplified forgiveness for SBA loans and direct payments to Americans. The full package includes the following: A new round…
Governor Pritzker announced on Friday, December 11 that the eviction moratorium would be extended another month until January 9, 2021. The modifications include specific language regarding a minimum of 5-day notice for eviction actions. Also, the order specifically prohibits an…
Chicago REALTORS® are still considered essential workers and allowed to continue working under the new COVID-19 mitigations that begin Friday to combat the recent surge in positivity rates and hospitalizations. However, caution should be exercised while transacting, such as wearing…
On Friday, Nov. 13, Governor J.B. Pritzker, seeking to “balance the rights of tenants and landlords,” issued Executive Order (EO) No. 2020-72, extending the moratorium on initiating and enforcing residential evictions, with some amendments. Per Illinois REALTORS® Guidance: While this…
Mayor Lightfoot released a letter to Chicago residents regarding the current surge in COVID-19 cases in the city. “This moment is a critical inflection point for Chicago, and we need your help to stay ahead of this pandemic based on…