Illinois REALTORS® offers housing ideas at Grundy County growth conference

Illinois REALTORS® Sharon Gorrell addressed concerns about housing supply and affordability at the Grundy County Community Foundation’s annual Growth Conference on Dec. 1 in Morris.

Gorrell

Gorrell and other expert panelists talked about jobs, housing and roads addressing the theme, “2027: What will Grundy County look like in 10 years?”

“There is a lot of discussion around the influx of intermodal and freight warehousing,” said Member Outreach Manager and Local Governmental Affairs Director Gideon Blustein, who represents the area for the Three Rivers Association of REALTORS® and helped organize the conference. “While job growth is promising, it raises questions about the condition of area roads and if there is enough housing supply.” 

In 2018, for the first time, renters will need to earn more than $20 an hour – or more than $43,200 annually – to afford a two-bedroom apartment in Grundy County, said Brent Newman, Executive Director of the Grundy County Housing Authority. A resident making minimum wage – $8.25 an hour – would need to work 100 hours a week for 52 weeks to afford a two-bedroom apartment in Grundy County.  

Using REALTORS® Property Resource, Gorrell presented solutions to the situation in a non-confrontational format. She focused on the demographic makeup of the community, used ideas from the audience and then discussed regulatory hurdles and incentives from the state.  

Blustein

When participants in the conference were asked for their parting thoughts, Blustein summarized to the audience: “There is a housing supply issue, which is driving up costs. The easiest way to solve this problem is to identify and remove hurdles to new housing.”

Ruggieri uses economic symposium to bring people together

Ruggieri

REALTOR® Alex Ruggieri of Ramshaw Real Estate in Champaign helped organize and facilitate a panel discussion during an economic development symposium Thursday at the University of Illinois – iHotel Conference Center in Champaign.

The sixth annual event is designed to bring together community members, government leaders, corporations and academics to develop collaborative strategies using real estate, anchor institutions and talented workers to accelerate economic development in the University of Illinois Urbana Champaign region.

The first panel discussion, “’Place-making’ Economic Development through RE Innovation and Inclusion,” included:

  • Jim Schultz, Intersect Illinois;
  • Laura Frerichs, Director, Research Park and Economic Development, University of Illinois;
  • Jeannette Tamayo, Regional Director, U.S. Economic Development Administration;
  • Alexei V. Tchistyi, PhD, University of Illinois, Director – Office of Real Estate Research;
  • Calvin L. Holmes, President, Chicago Community Loan Fund; and
  • Thomas Osha, Managing Director, Wexford Science & Technology.

The second panel discussion, “Optimizing Real Estate Assets for Enterprises & Human Capital in Communities,” included:

  • Tom Anderson, Global Product Owner, Real Estate Lifecycle Management and Cloud 4RE, SAP; and
  • David J. Wilk, CRE, MAI, National Co-Chair, SVN Corporate Real Estate Services & Adjunct Faculty, Real Estate and Infrastructure, John Hopkins Carey Business School.

Special guests were:

  • U.S. Rep. Rodney Davis (video);
  • Champaign Mayor Deborah Frank-Feinen;
  • Jeffrey Brown, Dean, University of Illinois College of Business;
  • Kreg Allison, Director, Division of Real Estate, State of Illinois; and
  • Roger Cannaday, Associate Professor Emeritus, University of Illinois College of Business.

TRAR helps Peotone plan for future growth and development

Judy Panozzo and Jim Sim present a check from the Three Rivers Association of REALTORS® (TRAR) to Peotone Mayor Steve Cross and the village board of trustees. Others present for the ceremony include Barbara Sim and Gideon Blustein from TRAR, and Patrick Bowden, Kevin Hack, Kent Hamm, Roy Hupke, Michael Jones and Peter March from the board. #REALTORparty #IL

The Three Rivers Association of REALTORS® (TRAR) presented the village of Peotone with $16,500 to conduct a Tax Increment Financing (TIF) study at the February village board meeting.

“The ability to implement a TIF District for the village of Peotone’s downtown area is imperative for its future growth and development. Without a sustainable downtown area, residential, commercial or industrial growth can be hindered,” said Gideon Blustein, a local government affairs director for the Illinois Association of REALTORS®.

Out of the $16,500 presented to Peotone, TRAR secured $15,000 through the National Association of REALTORS® Smart Growth Action Grants that encourage REALTOR® participation in community and economic development. TRAR is a non-profit organization that represents over 900 members in Will and Grundy counties dedicated to professional and ethical service to their real estate clients.

Recent growth trends have the village positioned to be a metropolitan center for surrounding communities. However, current residential and commercial capacity design do not meet future land use, transportation and growth needs. Proper planning must be done focusing primarily on the revitalization of the deteriorating downtown area. Also needed is new infrastructure and improved traffic patterns that will accommodate larger commercial businesses as well as provide pedestrian walkways and bike paths necessary for the health, safety and welfare of the community.

One of the ways the village plans to accomplish this is by designating a Tax Increment Financing (TIF) District in downtown Peotone. The designation of the TIF district in downtown Peotone will enable the village to work with local merchants and new developers to enhance the area through public private partnerships.

A TIF can be in place for 23 years during which time the village has an opportunity to capture incremental property taxes to reinvest in the TIF District. It will also have the ability to market the downtown area to both existing and potential developers as a TIF with available development incentives. As downtown Peotone is enhanced, other areas of the municipality should grow and prosper as well. New residential development occurs along with new commercial growth.

#REALTORparty #IL

Time-lapse photography captures Springfield YWCA demolition


Anyone lucky enough to be in the third floor conference room at the Illinois REALTORS® building between Feb. 1 and 7 had a front-row seat for the demolition of the old YWCA building on the northwest corner of 5th and Jackson streets. The building has been taken down to make way for a future urban park and pedestrian walkway that will connect the Lincoln Home National Historic Site and the Illinois State Capitol.

Watch the video to see how the demolition changes the appearance of the block just north of the Illinois Executive Mansion

Hazel Crest officials meet with IAR, MORe representatives

(l to r) Tom Joseph, Hazel Crest Mayor Vernard Alsberry, Jr., Diane Abell and Jermaine Coney.

Delays for municipal point-of-sale inspections, required reinspections and occupancy permits – as well as excessive inspections beyond “health and safety” violations – were topics discussed by Illinois REALTORS®, Hazel Crest Mayor Vernard Alsberry, Jr., and Hazel Crest Village Manager Donna Gayden Wednesday.

IAR Local Government Affairs Director Tom Joseph, Mainstreet Organization of REALTORS® South Government Affairs Committee Chair Diane Abell (a broker for Coldwell Banker in Flossmoor) and Jermaine Coney, Broker Prestige Partners Realty, represented Illinois REALTORS®.

Alsberry and Gayden pledged to “rectify these delays in administering the village inspection process.  Both acknowledged the need to encourage real estate and not impede it.”

An IAR economic impact study detailing the importance and local value of real estate transactions was shared with Alsberry and Gayden. Other discussion topics included the declining foreclosure market and overall improvement in the real estate market.