Winter is coming. This refrain from a popular TV show is both literal and figurative here in Chicago, with municipal budgets, stalled local ordinances and a possible extension of the eviction moratorium looming. A NOTE ON THE CITY BUDGET Chicago…
First deemed illegal in 1957, the City of Chicago has reversed course – Accessory Dwelling Units (ADUs), also referred to as Accessory Conversion Units (ACUs), are now legal, following the passage of the ordinance in City Council. While the Ordinance…
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…
Each month, the Chicago Association of REALTORS® hosts Coffee With Your GADs to keep you updated on what is happening in the government that affects your business. Watch the playback from our December 1 meeting where we discussed the current legislative issues…
The Chicago Association of REALTORS® (CAR) opposed the FY’21 budget which included an increase to fees, fines, the gasoline tax and most importantly, a property tax increase. The property tax increase is now pegged to the Consumer Price Index, so…