New guide offers resources to assist multifamily property owners in metro Chicago

Owners of multifamily properties in the Northwest Cook County recently found a pleasant surprise in their mailboxes: Rather than a dreaded code enforcement notice, tax bill, or any other citation or invoice, they received an unprecedented invitation to discuss the long-term sustainability of their properties with municipal leaders on Nov. 17. 
 
Those who accepted the invitation – about 70 municipal leaders and owners/managers of multifamily buildings, representing more than 4,000 apartments and condominiums – learned about the regional movement to preserve multifamily properties. They also received a copy of the new Multifamily Resource Guide, a list of public and private sector resources for energy assistance, financing, preservation, tenant relations, and more.
 
Arlington Heights Mayor Arlene Mulder and Rolling Meadows Mayor Ken Nelson set the tone for a frank discussion in their invitation, which they extended to northwest suburban multifamily property owners on behalf of Metropolitan Mayors Caucus, MPC, Preservation Compact, and others. They wrote, “We are committed to working to ensure that [your] properties continue to be stable and vibrant community assets for residents and the surrounding neighborhood.  Needless to say, we recognize that today’s economy places additional challenges on the shoulders of owners, municipal leaders, and residents.” 
 
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Download the guide