What You Need to Know About Governor Pritzker’s Latest Executive Order Regarding Residential Evictions

UPDATE February 10, 2021: On February 5, executive order 2020-72 was re-issued and extended until March 6, 2021. On Friday, Nov. 13, Governor J.B. Pritzker, seeking to “balance the rights […]

Mayor Lightfoot’s Letter to Chicago Residents Regarding COVID-19

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 […]

New, Simpler Form Available for PPP Forgiveness

It is now easier than ever for REALTORS® to receive forgiveness on their Paycheck Protection Program (PPP) loans. Those who borrowed $50,000 or less can fill out the new SBA […]

There’s No Place Like Home, But How Has Home Changed Since COVID-19?

  Since the beginning of March, most people have been spending more time in their homes than ever before. Although some of us may have since returned to work, others […]

New Guest Restrictions for Chicago Apartment Residents

The city of Chicago has placed a six guest per unit restriction on all residential apartments in the city. This restriction was reinstated on Friday, July 24, as part of […]

What You Need to Know about the Proposed First Time Homebuyer Pandemic Savings Act

NAR and REALTORS® are supporting New York Congressman Maloney’s First Time Homebuyer Pandemic Savings Act. The legislation would let first–time buyers withdraw funds from their retirement accounts as coronavirus-related distributions […]

Mayor Lightfoot Announces More Funding for the Housing Assistance Grants; Online Housing Assistance Portal

Mayor Lightfoot announced that, starting today, the city of Chicago will be expanding the Housing Assistance Grant Program with a new round of support and direct assistance for families. The […]

State Extends Eviction Moratorium Until August 22; Rent & Mortgage Assistance Available

Governor Pritzker has extended the state eviction moratorium to August 22. The original moratorium began in March and was set to expire at the end of July. The extended moratorium […]

Advocacy Update: The Latest from City Council

This has been an active month for real estate advocacy in Chicago. Keep reading to get the highlights on how your GADs are working with your best interest in mind. […]

State Grant Initiative Announced to Help Communities and Businesses

Governor Pritzker announced a new state initiative to help communities and businesses affected by COVID-19 and recent protests. New state budget funds and funds from the CARES Act make up […]

Illinois Business Interruption Grant Available for Affected Businesses

The Illinois Department of Commerce & Economic Opportunity will be providing $600 million for 3,500 businesses that were interrupted due to the COVID-19 pandemic through the Illinois Business Interruption Grant. […]

Small Business Administration Makes Updates to Paycheck Protection Program

Starting Wednesday, June 17, the Small Business Administration (SBA) and U.S. Treasury Department will begin offering automatic forgiveness for certain independent contractors and create a broader application form for the […]