Illinois providing $75 million to expand affordable housing throughout state

Affordable housing crisis
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Illinois is providing $75 million in grants to expand affordable housing throughout the state.

Kristin Faust, Executive Director of the Illinois Housing Development Authority, said some of the money, which came from the COVID-19 Affordable Housing Grant Program, will be used to rehabilitate existing housing.

She said new affordable housing will also be built with the money.

“For seniors, for veterans, for working families that have a hard time paying market rent,” Faust said. “We have projects in Rockford, Aurora, and Chicago, and downstate as well.”

Arlington Heights, Bellwood, Elgin, Mundelein and Wheeling will also receive housing grants from the state.

Faust said the goal is to use the grant funding to provide more than 1,000 units of new, affordable housing around the state.

“Housing is such a challenge for so many people these days,” Faust said. “To be able to create new, clean, decent, safe, [and] affordable units where people can afford [it] with the incomes they’re earning is critical.”

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