The Illinois Housing Development Authority has announced a major investment of over $2.3 billion in affordable housing efforts across the state. This initiative enabled nearly 5,000 individuals to achieve homeownership and helped sustain thousands of rental units specifically for low-income families, seniors, veterans, and people living with special needs. Additionally, emergency rental assistance programs provided support for nearly 7,700 households facing financial hardships. These measures are part of ongoing efforts to address the pressing demand for safe and affordable housing in Illinois, aiming to make stable homes more accessible to those most in need.
“As Governor of Illinois, I’m committed to making life more affordable for people across the state,” said Governor JB Pritzker. “From helping thousands of working families achieve their dreams of homeownership to creating more affordable housing opportunities for our veterans and seniors, I applaud IHDA’s critical investments in our communities that support safe, affordable housing for all.”
“Whether it was helping a family buy their first home, providing a renter with the sense of security that comes with a place to live, or helping local leaders plan for their city’s future, our programs and investments created lasting, positive change for the people of Illinois,” said IHDA Executive Director Kristin Faust. “In a year filled with unprecedented challenges across the entire housing industry, we are proud to report that IHDA emerged as a stronger, more resilient agency as we continue to build a better future for all Illinoisans.”
