RESIDENT UPDATES
COVID-19 RESIDENT UPDATE
As coronavirus pandemic continues to evolve, the health and safety of our team members and residents remains a top priority. To ensure we take the necessary precautions to help mitigate the spread of COVID-19 throughout our communities we will be limiting our team member’s presence onsite to the extent possible. While our team will be remote, they are still reachable by telephone and email.
To further accommodate the wellbeing of our communities, we will also be implementing the following changes until further notice:
- Amenity spaces and common areas will remain closed, except for those deemed necessary for building residents (such as common kitchens, laundry facilities and basic entryways in and out of buildings). We ask for your continued cooperation in limiting the use of these facilities, in particular when other residents are present, to encourage social distancing. In addition, please utilize individual best efforts to keep these and all areas of the building clean, which will help our staff and cleaning crews additional time to focus on sanitization efforts. Once we have more guidance from the CDC and local authorities around safely reopening these spaces, we will share that with you.
- Maintenance requests will be focused on completing essential services only. Essential services are defined as loss of heat, loss of water, loss of use of appliance or toilet, loss of electricity (specific to your unit), water leak or any life-safety matter. All other service matters will be delayed or put on hold for an interim period.
Our leasing team has also begun to move towards virtual showings for all newly scheduled appointments. If you would like to contact the leasing team for questions or virtual showing please call:
312.239.8039
Hyde Park Places
312.312.RENT
South Loop Living
414.563.1216
735 West
As part of our ongoing social distancing efforts, we ask that you contact us via phone, email or resident portal and refrain from visiting the office in order to minimize in-person interactions. We also encourage all residents to utilize the resident portal for ease of communication and online rental payments. If you have questions on how to do this, please contact the management office:
312.445.9225
Hyde Park Places
312.239.6593
South Loop Living
414.563.1216
735 West
Please continue to check in to the CDC’s website for regular updates.
The Biggest Break
You can stop making payments on most federal student loans for six months — from April through September — and no new interest will accrue. That means, at the end of those six months, you’ll owe exactly what you did at the start.
Congress didn’t wipe out any of your student debt, but it gave everyone a six-month payment holiday, regardless of how much they have or haven’t been hurt by the current wave of layoffs and closings designed to limit the spread of the coronavirus
The Cornavirus Aid, Relief, and Economic Security Act (CARES)
The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law today. Amongst other things, this means that individuals who earn $75,000 in adjusted gross income or less will get direct payments of $1,200 each, with married couples earning up to $150,000 receiving $2,400 — and an additional $500 per each child. The payment will scale down by income, phasing out entirely at $99,000 for singles and $198,000 for couples without children. The Washington Post has provided a simple calculator for you to calculate what you should expect to receive, you can find your adjusted gross income on your 2019 or 2018 tax return depending on which is the most recent you have filed.
Guidance is that individuals should start receiving their checks in about 3 weeks. In addition to individual cash payments, unemployment insurance payments have been increased by $600 per week per recipient for up to four weeks and coverage has been extended to self-employed workers, independent contractors, and those with limited work history.
A more comprehensive guide to the Act provided by The Tax Foundation can be found HERE
The Biggest Break
You can stop making payments on most federal student loans for six months — from April through September — and no new interest will accrue. That means, at the end of those six months, you’ll owe exactly what you did at the start.
Congress didn’t wipe out any of your student debt, but it gave everyone a six-month payment holiday, regardless of how much they have or haven’t been hurt by the current wave of layoffs and closings designed to limit the spread of the coronavirus
Student Loan Foreberance | COVID-19
** It could be wise to contact federal student loan servicers directly to confirm they are putting the government’s guidance into action, or to check information posted to their websites.
The Biggest Break
You can stop making payments on most federal student loans for six months — from April through September — and no new interest will accrue. That means, at the end of those six months, you’ll owe exactly what you did at the start.
Congress didn’t wipe out any of your student debt, but it gave everyone a six-month payment holiday, regardless of how much they have or haven’t been hurt by the current wave of layoffs and closings designed to limit the spread of the coronavirus
THE 6-MONTH SUSPENSION OF PAYMENTS WILL BE AUTOMATIC
Now, according to the stimulus package, the expanded six-month payment relief will be automatic.
Borrowers should log on to their student loan servicer’s website to access their account. From there, they should see that there is no payment due. If the system is still showing a payment due, contact the servicer to confirm that a payment is not required. But keep in mind that the company is likely overwhelmed with calls, and it could be difficult to reach.
The U.S. Department of Education has also announced that:
Now, according to the stimulus package, the expanded six-month payment relief will be automatic.
- Collections activities will be paused, meaning you shouldn’t receive calls or letters about a federal loan in default that a private company is now collecting on.
- The government will not withhold your pay, your tax refund or your Social Security payment — known as Treasury offsets — for at least 60 days if you’re in default, starting from March 13.
- For federally held student loans owned by the U.S. Department of Education (ED), Federal Student Aid’s coronavirus (COVID-19) information page is located at StudentAid.gov/coronavirus. The page includes information for students, borrowers, and parents about the interest rate waiver announced by President Trump and availability of an administrative forbearance authorized by Secretary DeVos to provide student loan relief to borrowers during the COVID-19 national emergency. Please visit the StudentAid.gov page regularly for updates
- If you’re in a rehabilitation program to get out of default, which requires you to make nine on-time student loan payments in 10 months, the clock doesn’t stop on your payment arrangement. Even if you don’t make payments for the next six months, those months will still be counted toward your rehabilitation timeline.
FEDERAL STUDENT LOAN SERVICE’S CONTACT INFORMATION
1 (800) 663.1662
Corner Stone
1 (888) 866.4352
MOHELA
1 (866) 313.3793
ECSI
1 (800) 699.2908
FedLoan Servicing (PHEAA)
1 (800) 722.1300
Navient
1 (855) 337.6884
HESC/Edfinancial
1 (888) 556.0022
Granite State – GSMR
1 (888) 486.4722
Nelnet
1 (800) 236.4300
Great Lakes Educational Services
1 (866) 264.9762
OSLA Servicing
Private Student Loans
None of the federal relief programs apply to borrowers with private student loans. That means it’s up to you to call your lender and ask about loan modification programs, which many offer.
Borrowers with Perkins Loans and Federal Family Education Loans not owned by the U.S. Department of Education are not eligible for automatic forbearance. Apply for traditional forbearance with your servicer — or your school if you have Perkins loans — to get a break from payment.
Unemployment Flexibilities During COVID-19 Outbreak
BRIEF OVERVIEW
- Extends duration of jobless benefit to 39 weeks (previously 26 weeks)
- Includes a $600 per week increase for the first 4 months, with a bonus payment available through July 31, 2020.
- Benefits extended to contract workers, freelancers and other nontraditional workers, who lack benefits.
Federal law permits significant flexibility for states to amend their laws to provide UI benefits in multiple scenarios related to COVID-19. For example, federal law allows states to pay benefits where:
- An employer temporarily ceases operations due to COVID-19, preventing employees from coming to work.
- An individual is quarantined with the expectation of returning to work after the quarantine is over.
- An individual leaves employment due to a risk of exposure or infection or to care for a family member. In addition, federal law does not require an employee to quit in order to receive benefits due to the impact of COVID-19. It should also be noted, however, that an individual receiving paid sick leave or paid family leave is still receiving pay. Thus, generally speaking, the individual is not “unemployed,” so the individual is ineligible for unemployment insurance.
FOR ILLINOIS RESIDENTS
The Illinois Department of Employment Services (IDES) Offices are closed to the public until further notice in order to protect the safety and wellbeing of residents. You may access IDES the following ways:
FILE A CLAIM
CLICK HERE
To File an Unemployment Insurance Claim
(312) 224.5631 or (866) 488.4016
Call IDES Customer Service for Questions Regarding Unemployment Insurance
CERTIFY FOR BENEFITS
CLICK HERE
To Certify for Unemployment Insurance Benefits
(312) 338.4337
Tele-Serv Hours | Monday – Friday | 5am-7:30pm
Illinois is providing updates on Unemployment Insurance changes related to COVID-19 HERE
To post your resume, search job postings, or find a job
FOR WISCONSIN RESIDENTS
You may access the Department of Workforce Development (DWD) in the following ways:
FILE A CLAIM
CLICK HERE
To File an Unemployment Insurance Claim Online
(414) 453.7069 or (844) 910.3661
UI Customer Service | Monday – Friday | 7:35am – 3:30PM
Wisconsin is providing updates on Unemployment Insurance changes related to COVID-19 HERE
Each state administers a separate unemployment insurance program, but all states follow the same guidelines established by federal law. For more information regarding rules in your state, contact with your state’s unemployment insurance program