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