Cook County Assessor Fritz Kaegi

Cook County Assessor Fritz Kaegi

Kaegi hosts webinars on affordable housing

From staff reports

The Cook County Assessor’s Office has announced dates for its upcoming informational webinars about a new affordable housing property tax incentive.

Created by state statute, the Affordable Housing Special Assessment Program provides property tax relief to incentivize the creation, rehabilitation and maintenance of affordable housing units in Cook County.

CRRNH FritzKaegi 052219

Cook County Assessor Fritz Kaegi

While similar to existing housing incentives, the new program provides improved benefits for housing providers, as well as low-income households, by providing more expansive property tax benefits, more ways to qualify and by encouraging the development of affordable housing in low affordability communities.

The Assessor’s Office is asking potential applicants to apply by March 31. Interested parties can visit cookcountyassessor.com/affordable-housing.

The Assessor’s Office will also host a series of webinars to help property owners understand and navigate the application process.

  • Prospective Affordable Housing, 11 a.m. Tuesday, March 1. If your Cook County property offers affordable housing or you’re considering renting to eligible households at affordable rents, but you haven’t made substantial improvements to the property in the last seven years, then this webinar may help you understand the application process. Find a registration link at cookcountyassessor.com.
  • Low Affordability Communities, 11 a.m. Tuesday, March 8. This portion of the Affordable Housing Special Assessment Program provides special reductions targeted at defined geographic areas within Cook County that are particularly lacking in affordable housing. If you want to offer affordable housing in these parts of the county, this webinar may be for you. Find a registration link at cookcountyassessor.com.

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