Issues & Legislation
2012 Cook County Property Tax Rates Annouced
Cook County Board Passes Source of Income Protection for Section 8 Vouchers
City Comptroller Announces 2013 Security Deposit Interest Rate
City Comptroller Announces 2013 Security Deposit Interest Rate.
Download Historical Security Deposit Interest Rate Information
Chicago Residential Landlord Tenant Ordinance (RLTO) – What REALTORS® Need to Know about Security Deposits
Chicago Condominium Conversion Ordinance
C.A.R. 100% Ask RPAC Campaign Office Visits
C.A.R. began an aggressive RPAC 100% Ask campaign with two successful office visits to Coldwell Banker Residential in Lakeview and Lincoln Park. Staff made a brief, well received pitch about the importance of contributing to RPAC to attentive audiences. We look forward to many more visits all summer long.
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C.A.R. Government Affairs Committee Discusses Smoking and HOAs
On Friday, the C.A.R. Government Affairs Committee welcomed attorney and Chicago Tribune contributor Mark Pearlstein to present issues surrounding smoking and homeowners associations. Discussion addressed the pros and cons of the Smoke Free Illinois Act, which some associations are using as the basis for smoking regulation, including building-wide bans. Such bans have the potential to affect REALTORS® and their clients. Learn more about Smoke Free Illinois.
Sweet Home Chicago Ordinance
Download the ordinance here
Mayor Daley's Balanced 2011 Budget Controls Spending, Continues Needed Services (source: City of Chicago)
Mayor Richard M. Daley this week proposed to the City Council a balanced 2011 budget that makes government more efficient, continues to provide basic services, and adds limited new spending to make neighborhoods safer, help grow Chicago’s economy and create new jobs. Read the entire budget outline and press release online.
NAR Assesses Federal Tax Benefits for Homeowners
A new NAR research commentary examines the mortgage interest deduction (MID) and state and local property taxes deduction as two federal income tax benefits for home owners. The report looks at both deductions together from the individual home buyer’s perspective, to assess how the lifecycle of ownership affects the deductions a home owner takes and how the benefits may translate differently among tax payers of various age categories. Read the report online.
Parking Permits Now Available
New Sign Warning Press Release
Approved Mayoral A.R.O.