Winter 2023: Government Affairs Update
A CLOSER LOOK AT THE 2023 BUDGETS The city of Chicago reviewed a $16.4 billion budget. The budget did not include a property tax increase, although it was considered. Overall, […]
What We Learned at Our 2023 Mayoral Candidate Forum
Earlier this January, the Chicago Association of REALTORS® and Illinois REALTORS® invited each candidate to complete a questionnaire to better understand their positions on the following real estate hot topics: […]
Tell Your Alderperson to Stop Automatic Property Tax Increases
Currently, property taxes in the city of Chicago are tied to inflation rates, which means you’ve likely seen an increase in your taxes in your most recent bill. By supporting […]
REALTORS® Stop Proposal for Transfer Tax Increase in City Council
Over the last few months, the Chicago Association of REALTORS® Government Affairs team has been working to educate City Council members about the negative ramifications of an increase in the […]
Coffee With Your GADs July 2022 Recap
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 […]
City Council Passes Heating & Cooling Ordinance
At the end of June, City Council passed the Heating & Cooling Ordinance following the death of multiple women in a senior home in the city. Prior to this ordinance, […]
Summer 2022: Government Affairs Update
TRANSFER TAXES BACK IN THE NEWS The Real Estate Transfer Tax is imposed when titled real estate property is transferred within the city of Chicago. This spring, the Bring Chicago […]
Treasurer Pappas & ABC 7 To Honor Juneteenth by Hosting The Black and Latino Houses Matter Phone Bank on June 15
Cook County Treasurer Maria Pappas and ABC 7 Chicago will host another Black and Latino Houses Matter phone bank on June 15, 2022, to help homeowners find refunds, apply for […]
CAR Past President Shares Your Stories Illustrating Impacts of New Guidelines with Fannie Mae
We heard your concerns about the recent Fannie Mae and Freddie Mac lending guidelines and we asked you to share personal stories about how these guidelines have impacted your transactions. […]
Spring 2022: Government Affairs Update
REALTORS® CALL ON DEPARTMENT OF WATER MANAGEMENT FOR REFORMS Currently, the City of Chicago’s INVEST South/West program gathers resources to inspire growth by transforming underserved commercial corridors and attracting more […]
Update on the Call for Action on House Bill 2775
On Thursday, February 24, REALTORS® were asked to take action against HB2775 to avoid source of income mandates for all rental housing providers. After months of negations, language has been […]
Illinois Housing Development Authority Offering Funds For Mortgage Assistance
The Illinois Housing Development Authority (IHDA) received $250 million of federal funds to help homeowners who are still behind on their mortgage because of the COVID-19 pandemic. An estimated 12,000 […]