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New llinois laws create affordable housing for thousands, assist more families with utility payments
CHICAGO, Ill. – Many across Illinois struggle with homelessness. Leaders hope a new law can help build affordable housing for thousands of people in need.
House Bill 2621 created a large affordable housing plan using funds from the American Rescue Plan to build new homes. In short, the goal is to make sure everyone has access to a proper roof over their head.
The Illinois Housing Development Authority will have $75 million in federal funding to supplement buildings that qualify for low-income housing credits and develop new properties.
“That’s funding for 3,500 new rental units and thousands of families whose lives will be changed for the better as a result of the work of the General Assembly,” said Gov. JB Pritzker. ....

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