Luke Blahnik returns to educate us on the new Northwest Side Preservation Ordinance.
Luke jumps right in by explaining the ins and outs of the expansion of the Predominance of the Block (606) District under this new ordinance. He breaks down the increased fees to demolish a multi-unit building, limitations on building single family homes, and requirements for selling a tenant-occupied building in the area. Luke, Mark, and Tom discuss how the Ordinance will not be able to accomplish the goal of preserving affordable housing and instead could have negative impacts to landlords and tenants. A main takeaway from today’s show is to stay involved in housing provider communities and make your voice heard to stop policies that do not help landlords, tenants, and/or the City of Chicago as whole.
If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content!
03:13 Housing Provider Tip - Stay involved in your community so your voice is heard.
04:53 Intro to our guest, Luke Blahnik!
05:27 The “Northwest Preservation Ordinance” Explained.
19:32 Exemptions for the Ordinance.
19:10 Benefits of raising capital and passive investments!
22:40 Groups most impacted by the Ordinance.
36:28 What’s next following the implementation of the Ordinance?
39:49 What is your competitive advantage?
40:24 One piece of advice for new investors.
40:42 What do you do for fun?
41:18 Good book, podcast, or self development activity that you would recommend?
41:46 Local Network Recommendation?
42:31 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: Luke Blahnik
Guest Company: Flora | Blahnik @properties
Guest Link: https://www.florablahnik.com/
Other Links for show notes:
SUCI Ep 32 - Luke Blahnik's First Episode
