Preservation Program Gives Frankfort Homeowners Incentive to Make Improvements

“FRANKFORT, IL – Homeowners in downtown Frankfort’s Old Town now have an incentive to improve their homes while keeping them in line with the historic parameters and feel of the neighborhood.

The village board approved a new “historic home preservation program” last month. It offers relief in fees associated with the improvements and recognition for homeowners who take part.

Jeff Cook, development services director for the village of Frankfort, said the incentives come at three levels.

For those undertaking a $1,000 remodeling project, the village will waive a $75 permit fee and $25 plan review fee. When the project is complete, the homeowner will receive a letter from the mayor thanking them for their investment.

Those undertaking a $10,000 remodeling project, a $225 permit fee and $50 plan review fee will be waived. They will also receive a certificate.

Anyone taking on a remodeling project valued at $50,000 or more will skip an $825 permit fee and $100 plan review fee and will get a plaque commemorating their work.

“These will be for the more extraordinary renovations that will make the structure more sound and to keep is marketable and up to standards for years,” Cook said.

It “recognizes those working to preserve homes in our downtown district,” he wrote on Facebook after the program was approved in mid-January.

Cook said the creation of the program began as a response to some structures in downtown Frankfort that have been demolished in recent years and replaced with ones that “don’t always fit today’s marketplace.”

“We realize people had the right to do so, but felt like we weren’t doing as much as we could to reward those who were maintaining their homes and keeping them marketable,” he said. “Here, we are acknowledging their efforts and encouraging investment.”

The preservation program isn’t modeled after any other specific community, but the result of “a collaborative process” that looked at what has worked in several places.

“We picked the one that fit for Frankfort,” Cook said.

Photo courtesy of Village of Frankfort”

See Full Article: http://patch.com/illinois/frankfort/preservation-program-gives-frankfort-homeowners-incentive-make-improvements

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Chicago: 1 of 5 Housing Markets on the Verge of a Tech Boom

“The hottest housing markets have one determining factor in common: employment opportunities. Cities with jobs in growing fields draw incoming residents in droves—and none is more in-demand currently than technology. Which markets will tech next make its mark in?

A recent survey by Modis, an IT staffing services provider, identified the housing markets on set to be transformed by technology. The top 5:

  1. Chicago
  2. Houston
  3. Boston
  4. Denver
  5. Philadelphia

Fifty-one percent of those surveyed ranked Chicago as the top tech hot spot of the future. The Windy City is likely to attract younger professionals who have worked in technology 5 years or less, according to the survey.

Houston and Boston ranked second and third, respectively, with 47 percent and 43 percent of the vote. Houston is likely to attract a range of professionals, from those who have not completed a college degree to those who have worked in technology for more than 10 years. Boston, like Chicago, is likely to attract younger professionals, aged 26-34.

Denver, which has seen home prices appreciate at an above-average rate since the recession, was ranked fourth at 36 percent. (Denver, as well, was recently named the No. 1 emerging tech hub by Homes.com.) Philadelphia, at 31 percent, also made the top five.

Other up-and-coming technology-driven markets, according to the survey, include Dallas, Detroit and Omaha.”

 

Source Rismedia: http://rismedia.com/2017/02/04/five-housing-markets-verge-tech-boom/