The Cook County Assessor’s Office 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.
Prospective Affordable Housing – March 1 at 11 a.m. CT – 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 will help you understand the application process. Register here.
Low Affordability Communities – March 8 at 11 a.m. CT – 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 is for you. Register here.