Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Chicago & Midwest  + Downtown  + Apartments  | 
Chicago City Hall Mayor Lori Lightfoot 2022 budget

Lightfoot Launches $80M Rental Assistance for Tenants, Landlords

The Lightfoot administration on Monday opened the third and largest round of rental assistance for tenants and landlords since the onset of the COVID-19 pandemic. The Emergency Rental Assistance Program (ERAP) includes nearly $80 million funded through emergency relief enacted by Congress in December 2020. 

“The Emergency Rental Assistance Program will not only help to relieve these residents of the fear of losing their homes and being thrown further into uncertainty and socioeconomic instability but allow our city to make significant progress in our mission to provide our communities with resources they need to thrive long after this pandemic is over,” said Mayor Lori Lightfoot.

Coming about a week after Gov. JB Pritzker announced that Illinois’ moratorium on pandemic-related evictions will be phased out by August, the third wave of ERAP is intended to help renters to avoid a wave of evictions and property owners to avoid foreclosures. 

Connect

Inside The Story

Mayor Lightfoot’s Office

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Lease
  • ◦Financing
New call-to-action
New call-to-action