Network Economic Impact Study Released: Apartment Construction and Operations Contributed $ 6.0 Billion to Chicago Economy *
Illinois received $ 41.4 billion economic contribution from the combined construction, operation and resident spending, says new report“ The Trillion Dollar Apartment Industry”
WASHINGTON, D. C. – Despite the worst economy in a generation, apartment construction and operations contributed $ 6.0 billion to the metro Chicago economy supporting 53,000 local jobs in 2011, according to a new report released today by the National Multi Housing Council( NMHC) and the National Apartment Association
( NAA). In addition, apartments and their residents contributed $ 41.4 billion to Illinois’ economy supporting 971,000 jobs. The report, along with an interactive map and economic impact calculator, is available on the new website www. WeAreApartments. org.
* Based on research by economist Stephen S. Fuller, Ph. D., of George Mason University’ s Center for Regional Analysis, the report covers the economic contribution of apartment construction, operations and resident spending on a national level plus all 50 states.
Today’ s growing rental apartment market opens an exciting opportunity for owners and managers for greater business growth, and the dual strength of the National Apartment Association / Chicagoland Apartment Association Network is eager to provide support and professional expertise to its members.
What is the Value of the CAA / NAA Network Resources?
The NAA / CAA Network is Illinois / Chicago’ s leading advocate for quality rental housing. Our network provides valuable access to communications advocacy, education, research and solutions. An outline of the benefits NAA / CAA Network members can expect to receive in the areas of legislation, education, business relationship building and career development, is outlined below:
CAA / NAA Network Legislative Watchdog
CAA employs two full time lobbyists to represent member business interests in Chicago, Springfield and suburban municipalities plus a team of federal lobbyists based in Washington DC. CAA / NAA Network has saved the industry millions of dollars because of its legislative efforts.
It can take years for legislation to be introduced and enacted. CAA / NAA Network is dedicated to tracking legislation daily. CAA keeps members advised of legislative changes so that members can react immediately to a potential issue or crisis.
Two Attorney-Reviewed Electronic Lease and Form Platforms:
NAA Lease
No lease is more recognized and respected by the legal system than the NAA Lease. This affordable electronic lease is updated regularly to capture all Illinois and Chicago law changes affecting rental properties. It is used by more than 10,000 communities nationwide and is only available to NAA members.
Sanford Kahn, the Chicagoland Apartment Association now offers FormsPLUS – an automated lease program with attorney reviewed lease forms for the state of Illinois and the City of Chicago.
Member Only Communication and Online Resources
Whether your preference is print or online the CAA / NAA network gives you timely and robust resources on relevant industry topics, resources and education that helps you manage your business and impacts your bottom-line
Units and Apt. itudes Magazine in Print and Online
Members receive two full color trade publications featuring news, trends and newsmakers in the multifamily industry. Both publications include valuable supplier resources CAA Member Directory and Buyer’ s Guide( print and online)
Member Only Website Access www. naahq. org and www. caapts. org
Both websites allow members to access information on national and local legislative trends, discounted online training for your staff, publications including the NAA Annual Income / Expense Survey, Online Community and compensation survey.(?) and an online Career Center a targeted inexpensive resource for locating qualified employees.
CoreLogic FormsPLUS
Maintaining and updating lease terms can be burdensome and costly. Working with CoreLogic and real estate lawyer