Tax Relief for Affordable Housing Owners

Senator Mike Simmons and Voice of the People in Uptown is inviting representatives of affordable housing owners to “Meet the Commissioner” — Samantha Steele of the Cook County Board of Review at a short presentation and reception Wednesday, July 19th, 4 pm at Truman College.

You’ll want to meet Ms. Steele, District 2 Commissioner, who has been elected by citizens of northern Chicagoland and charged with helping to make our property tax system more fair and equitable through property tax appeals.

She’ll be joined by other recently elected public officials, including 13th District State Representative Hoan Huynh and Alderwoman Angela Clay of the 46th Ward, who are committed to advancing support to affordable housing owners who are key to maintaining the economic, racial and needs diversity we have in Chicago communities. SEE OUR ANNOUNCEMENT FLYER.

Sen. Mike Simmons, session host, along with Voice of the People, a non-profit and tenant-led housing organization, are bringing affordable housing owners together on issues of common concern, beginning with property taxes.

Property taxes that are too high can threaten cash flows and long term viability of affordable housing developments — even as owners absorb hidden “social costs” not always reflected in the property financial statements, nor submitted as background for assessment and appeals. This will be the subject of a short presentation by our resource person, Craig Donnewald, Esq. of Finkel Martwick & Colson.

The information is not legal advice, but guidance to non-profit and affordable housing owners or partner representatives, asset managers and property management professionals who work closely with legal counsel or consultants seeking relief with property tax appeals.

If you’d like to attend, please rsvp to events@vophousing.com or call 773.769.2442 for more information.