WBEZ | landlords http://www.wbez.org/tags/landlords Latest from WBEZ Chicago Public Radio en Housing advocates warn property tax hike could speed gentrification http://www.wbez.org/news/housing-advocates-warn-property-tax-hike-could-speed-gentrification-113542 <img typeof="foaf:Image" src="http://llnw.wbez.org//main-images/AffordableRent.jpg" alt="" /><p><div><p dir="ltr"><em>Updated October 30, 2015 to include new information from the city&#39;s budget office and the Community Investment Corporation.</em></p><p dir="ltr">Residents, landlords and community organizers are warning that Mayor Rahm Emanuel&rsquo;s property tax hike will accelerate gentrification on Chicago&rsquo;s Northwest side.</p><p dir="ltr">The City Council overwhelmingly approved the mayor&rsquo;s budget on Wednesday, including an incremental $543 million property tax increase slated for police and fire pensions. An additional $45 million annual property tax hike was approved for school construction and modernization projections.</p><p dir="ltr">The coalition group Communities United based its analysis on Census data and a survey of seven owners of two-flat buildings in Northwest Side neighborhoods. It concludes that the higher assessments will drive low-income renters out of Albany Park, Belmont Cragin and Lincoln Square, because building owners will most likely pass the additional cost on to their tenants.</p><div>&ldquo;Renters will be pushed out of their homes, and Chicago&rsquo;s Northwest side will continue to become a place that is only accessible to those who have very deep pockets,&rdquo; said Alderman Carlos Ramirez-Rosa (35th).</div><div>&nbsp;</div><div>But during the vote on Wednesday fellow Northwest side alderman Pat O&rsquo;Connor (40), the mayor&rsquo;s floor leader, argued that the property tax was necessary to avoid cutting critical services. &ldquo;Clearly our city will decay and will denigrate and our services will be severely hampered if we do not take the appropriate steps,&rdquo; O&rsquo;Connor said.</div><div>&nbsp;</div><div>According to the <a href="http://communitiesunited.org/sites/apncorganizing.org/files/The%20City%20That%20Works%E2%80%A6For%20Who%3F%20Final%2010.28.15.pdf">study</a>, the pinch will be felt most acutely by tenants of small, multi-unit &nbsp;buildings, which comprise roughly one-third of the city&rsquo;s rental housing stock.</div><div>&nbsp;</div><div>&ldquo;Rents in these two- to four-flats could go up as much as $50 to $100 a month,&rdquo; said Diane Limas, board chair of Communities United.</div><div>&nbsp;</div><div>However, the city&rsquo;s budget office disputes the numbers and directed WBEZ to a brief by the <a href="http://www.preservationcompact.org/wp-content/uploads/Property-Tax-Increase-Impact-on-Affordable-Rental-Housing-2015.pdf">Community Investment Corporation</a>, which found that property owners would likely experience a tax increase of $10-$20 per unit in low- and moderate-income neighborhoods. In wealthier neighborhoods, the analysis found that landlords would be more likely to pass on the increase to their tenants, but that it would remain &ldquo;modest,&rdquo; at $15 or less per unit.</div><div>&nbsp;</div><div>In a written statement, city officials noted that a rental property would have to be worth roughly $520,000 if it were to see a property tax hike of $1,200 a year. &ldquo;The communities united (sic) case study suggests a property that is&hellip; nearly two and a half (sic) times more valuable than the median 2-6 apartment flat in the city,&rdquo; it said. &ldquo;Approximately half of the wards on the North/Northwest side have an average assessed value for 2-6 flat that is at or near the citywide average.&rdquo;</div><div>&nbsp;</div><div>Stacie Young, Director of the Preservation Compact, which released the CIC report, said the rent increase estimate from Communities United&rsquo;s study sounded too high. &ldquo;But it depends on whether they&rsquo;re looking at an increase in the assessed valuation of the areas,&rdquo; she added, noting that property values in some parts of the Northwest Side have been increasing over the years.</div></div><div><p><em>Odette Yousef is WBEZ&rsquo;s North Side Bureau reporter. Follow her <a href="https://twitter.com/oyousef" target="_blank">@oyousef </a>and <a href="https://twitter.com/wbezoutloud">@WBEZoutloud</a>.</em></p></div><p>&nbsp;</p></p> Wed, 28 Oct 2015 13:36:00 -0500 http://www.wbez.org/news/housing-advocates-warn-property-tax-hike-could-speed-gentrification-113542 Morning Shift: Reinterpreting Beethoven's compositions http://www.wbez.org/programs/morning-shift-tony-sarabia/2013-09-09/morning-shift-reinterpreting-beethovens-compositions <img typeof="foaf:Image" src="http://llnw.wbez.org//main-images/Piano 2 - Flickr- Cameron.T.jpg" alt="" /><p><p>Beethoven has been an inspiration for musicians from many genres. A festival taking place in Chicago this week features the famous composer&#39;s work re-imagined and re-purposed. We hear some of those interpretations.&nbsp;</p><div class="storify"><iframe allowtransparency="true" frameborder="no" height="750" src="//storify.com/WBEZ/morning-shift-60/embed?header=false" width="100%"></iframe><script src="//storify.com/WBEZ/morning-shift-60.js?header=false"></script><noscript>[<a href="//storify.com/WBEZ/morning-shift-60" target="_blank">View the story "Morning Shift: Reinterpreting Beethoven's compositions" on Storify</a>]</noscript></div></p> Mon, 09 Sep 2013 08:28:00 -0500 http://www.wbez.org/programs/morning-shift-tony-sarabia/2013-09-09/morning-shift-reinterpreting-beethovens-compositions