Search Results for : Financial

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FHA’s Financial Woes

An independent audit last month revealed that the Federal Housing Administration had a $16.3 billion deficit ($30.3 billion in cash reserves as of Sept. 30 to cover $46.6 billion in projected losses), most of which, accounted for loans backed between 2007-2009.  Agency officials however have stressed that it has no […]

Chicago Mayor Rahm Emanuel arrives at a town hall meeting on the city budget in Chicago

Chicago approves Emanuel’s property tax increase

Chicago Mayor Rahm Emanuel’s $7.8 billion fiscal 2016 budget and a historic property tax increase to pay for public safety worker pensions easily cleared the city council on Wednesday. However, the plan for the fiscal year that begins on Jan. 1 still faces uncertainties in the Illinois Legislature and supreme […]

Chicago ARO

Navigating the New Affordable Requirements Ordinance (ARO)

The Home Builders Association of Greater Chicago (HBAGC) presented “Navigating the New ARO” on May 28th to a packed room at the Dream20 Showroom in the Merchandise Mart. The City of Chicago’s Affordable Requirements Ordinance requires residential developments that receive city financial assistance or involve city-owned land to provide a percentage […]

New affordable housing fees

[Sun-Times] Mayor Rahm Emanuel’s complex solution to Chicago’s affordable housing crisis was advanced by a City Council committee Wednesday, amid concern that the costly mandates could stifle residential development. Chicago’s existing “affordable requirements ordinance” offers a choice to developers of projects with 10 or more new or rehabilitated units that […]

In Demand

As the summer comes upon as, one of the busiest rental seasons is expected.  With the expected high demand of rentals, developers are rushing to meet the demand.  Occupancies in Class A apartment buildings in the Chicago downtown area are hovering around 95% (Appraisal Research Counselors), and developers are more […]

Ernst & Young Entrepreneur Of The Year® 2012

Chicago, Illinois (PRWEB) May 03, 2012 Chicago real estate brokerage firm @properties today announced that company co-founders Michael Golden and Thaddeus Wong were named finalists in the Ernst & Young Entrepreneur Of The Year® 2012 program in the Midwest. The award recognizes outstanding entrepreneurs who demonstrate excellence and extraordinary success […]

Evolving Trends: Smart Cities

The harsh reality of the market today can become a catalyst to drive innovation.  Developers, builders and manufacturers alike are looking for ways to not only sustain business, but growth.  Though there is much speculation on how to achieve such sustainable business, many have contemplated going the way of cost-effective […]