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REAL ESTATE
FHLBank Chicago Convenes IFF, Illinois Housing and Development Authority and Rep. Sean Casten to Discuss Housing Solutions for Illinois 6th District
ORLAND PARK, Ill.--(BUSINESS WIRE)--Aug 29, 2024-- The Federal Home Loan Bank of Chicago (FHLBank Chicago) today convened a discussion around the barriers, challenges, and solutions to housing needs in Illinois and Chicagoland—bringing together key leaders in the space like U.S. Congressman Sean Casten (IL-06), IFF, and the Illinois Housing Development Authority (IHDA). Hosted at the Union Avenue Apartments in Orland Park, Ill., which provides affordable housing to people with developmental disabilities, the event also included a check presentation of $2 million to IDHA from FHLBank Chicago’s Community First ® Housing Counseling Resource Program (HCRP) to help support housing counseling for...
Illinois struggles with housing starts as costs keep rising
High taxes have driven Illinois to the bottom of the state rankings for new housing permits. According to U.S. Census Bureau data provided by iPropertyManagement, Illinois had 1.34 new privately-owned housing permits per 1,000 residents in 2023. Only Rhode Island and Alaska had fewer. HBA Realty broker and owner Jeff...
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