NIU’s plan to implement a second-year residency requirement for incoming students is a game changer for DeKalb. As many as 800 students (by some estimates) could be removed from the private sector rental market. Increased vacancies at that rate could turn DeKalb’s rental housing upside down and that would send investment mortgage lenders into a noose-tightening frenzy.
It could also result in another aww shucks moment for the City of DeKalb’s revenue/expense projections for its re-proposed rental licensing, inspection, nuisance, etc., program. It certainly warrants reconsideration or refactoring of any rental housing program or investment. (more…)






