In this episode of the Straight Up Chicago Investor Podcast, listeners are treated to an enlightening conversation with none other than Assessor Kaegi and Stacie Young. The dynamic duo unveils the inner workings of the Assessor's Office and the Community Investment Corporation's (CIC) collaborative effort to incentivize affordable housing providers. This episode is a treasure trove of insights that can potentially decrease property taxes and maximize profitability for investors.

Assessor Kaegi kicks off the discussion by demystifying the process of property assessment in Illinois. Listeners gain a comprehensive understanding of the intricacies involved, setting the stage for a deeper exploration of the groundbreaking programs aimed at promoting affordable housing.

Stacie Young takes the reins to share the history of the Class 9 Program, offering listeners a glimpse into the evolution of initiatives designed to support affordable housing providers. The backstory provides context for the innovative Affordable Housing Special Assessment Program, a beacon of hope for property owners looking to make a positive impact while reaping financial benefits.

The heart of the episode delves into the Affordable Housing Special Assessment Program, unraveling how this initiative works and the tangible benefits it brings to participating housing providers. From increased profits to qualification requirements, Assessor Kaegi and Stacie Young break down the essential details, providing a roadmap for investors eager to capitalize on this unique opportunity.

As the conversation unfolds, the guests share numerous ways for housing providers to learn more about the program. The Assessor's Office and CIC are positioned as invaluable resources, ready to assist investors in navigating the complexities of the Affordable Housing Special Assessment Program. This collaborative effort reflects a commitment to fostering affordable housing and supporting property owners in maximizing the potential of their investments.

Key Takeaways:

• Gain insights into the Illinois property assessment process from Assessor Kaegi.

• Understand the history of the Class 9 Program and its role in supporting affordable housing.

• Dive deep into the Affordable Housing Special Assessment Program, exploring how it works and its benefits.

• Discover valuable resources offered by the Assessor's Office and CIC for housing providers.

• Learn how to potentially decrease property taxes and maximize profitability through these innovative programs.

The Straight Up Chicago Investor Podcast once again delivers an episode filled with valuable information and practical insights. Assessor Kaegi and Stacie Young shed light on programs that not only benefit affordable housing providers but also open doors for investors seeking to make a positive impact in their communities. As you tune in, be prepared to uncover a wealth of knowledge that can potentially transform your approach to property investment, making it not only financially rewarding but also socially responsible.

Watch Straight Up Chicago Investor Podcast Episode 239 in Full Here

Questions We Answer In this Show:

Q. The Astonishing Illinois' Property Tax System Expectations!

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Q. Unleashing the Power of Data: Collaborating Towards a Better Future for All

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Q. The Major Benefits of Adding Value and Recognition to Your Property

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Show Notes:

• 03:10 Housing Provider Tip: Don’t forget to appeal your property taxes!

• 04:26 Intro to our guests, Assessor Fritz Kaegi and Stacie Young!

• 05:47 How are properties assessed for tax purposes in Cook County and Illinois?

• 09:22 History of the Class 9 Program!

• 15:00 Who can benefit from the Affordable Housing Special Assessment Program?

• 21:58 Requirements and process to qualify for the program.

• 33:19 Interest levels in the program.

• 36:41 How to stay in compliance once in the program?

• 39:35 What’s next for CIC and the Assessor’s Office?

• 43:56 What is Assessor Kaegi’s and Stacie’s competitive advantage?

• 46:31 One piece of advice for new investors.

• 49:31 What do you do for fun?

• 50:24 Good book, podcast, or self-development activity that you would recommend?

• 52:04 Local Network Recommendation?

• 54:33 How can the listeners learn more about you and provide value to you?

Connect with Mark and Tom: StraightUpChicagoInvestor.com

Email the Show: StraightUpChicagoInvestor@gmail.com

Guest Name: Assessor Fritz Kaegi & CIC President Stacie Young

Guest Company: Cook County Assessor’s Office & Community Investment Corporation (CIC)

Guest Link: https://www.cookcountyassessor.com/ & https://www.cicchicago.com/

Other Links for show notes:

Assessor's Affordable Housing Programs Webpage