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The Chicago Housing Authority has finalized the purchase of three apartment buildings that make up the Chicago portfolio of Presbyterian Homes, one of the nation’s largest providers of affordable housing for seniors, adding 111 apartments to the City’s affordable housing stock

The Chicago Housing Authority has finalized the purchase of three apartment buildings that make up the Chicago portfolio of Presbyterian Homes, one of the nation’s largest providers of affordable housing for seniors, adding 111 apartments to the City’s affordable housing stock.

Mayor Rahm Emanuel today announced the nomination of Eugene “Gene” Jones, Jr. as CEO of the Chicago Housing Authority (CHA) after serving as Acting CEO since June of 2015. “As Acting CEO, Gene has already made significant progress at the CHA by accelerating development deals and housing production to get more than 500 units under construction in just seven months time,” said Mayor Emanuel.

Chicago Housing Authority CEO Eugene Jones, Jr., Big Brothers Big Sisters CEO Art Mollenhauer and Smyth Elementary School Principal Ronald R. Whitmore kicked off the CHA/Big Brothers Big Sisters Workplace Mentoring Program this week

Officials from the Chicago Housing Authority today joined residents of the ABLA/Brooks Homes, Alderman Danny Solis, Amy Rule and area residents for the dedication of the newly renovated Jane Addams Family Resource Center.

In the strongest January market in several years, Illinois home sales and median prices posted robust year-over-year increases, despite lower inventory levels, according to the Illinois Association of REALTORS

The Illinois Association of REALTORS® will send a delegation of members to an international real estate conference in March as part of an ongoing effort to promote cross-border investment in the state.

Mayor Rahm Emanuel today announced an initiative that will generate millions of dollars in new investment into underserved communities throughout Chicago. The proposal will reform existing ordinance to allow developers to obtain additional square-footage for construction projects in the downtown area in exchange for investments to support neighborhoods in need of jobs and economic growth.

REALTOR® Chris Read, CRB, CRS, GRI, ABRM, CIPS, CNC, SFR, BPOR, SRS, SRES, of Woodridge, has been named the 2016 Illinois REALTOR® of the Year by the Illinois Association of REALTORS® (IAR). She is the Managing Broker/Owner of CR REALTOR® and is CEO of CR Strategies in Woodridge.

REALTOR® Edwin (Ed) Neaves has received the 2015 Illinois Association of REALTORS® (IAR) Political Involvement Award. Neaves is the managing broker of Berkshire Hathaway HomeServices Snyder Real Estate in Bloomington

“Low interest rates and improved employment made for a good year for the local residential real estate market,” said Keith Hancock, president of the North Shore-Barrington Association of Realtors® (NSBAR). “Median home prices were up more than 2 percent for the year compared to 2014, and the number of closed sales year-over-year increased nearly 4 percent.”

ongresswoman Cheri Bustos hosted the Third Annual Economic Summit at Augustana College, building upon roundtables she hosted earlier this year with manufacturers in Rockford, Peoria, and the Quad-Cities. This year’s summit focused on developing solutions to address the skills gap in the manufacturing industry, and the challenge of retaining young talent in the region

Illinois home sales and prices climbed higher in December and capped off a 2015 housing market that showed a return to a more balanced market with total year-end sales and median price gains surpassing 2014, according to the Illinois Association of REALTORS

Illinois home prices posted continued gains with November marking 39 consecutive months of year-over-year increases while sales slowed slightly amid tighter inventory, according to the Illinois Association of REALTORS

The Illinois statewide median price experienced a 6.3 percent annual gain in October. Sales declined slightly as available housing inventory tightened, according to the Illinois Association of REALTORS