Illinois Housing Development

Since 2015, there has been an escalation of legislative initiatives introduced in Illinois regarding the preservation, rehabilitation, and development of affordable housing. From amending foreclosure and "rent freeze" laws, to the creation of abandoned and blighted property laws, the proposals have ranged in scope but with a similar purpose.

"Rent Freeze" Initiatives

By Dennis Rodkin for Crain's Chicago BusinessAugust 29, 2023
By Dennis Rodkin for Crain's Chicago BusinessFebruary 12, 2019 

Affordable Housing Development Thresholds & Incentives

Dennis Rodkin for Crains Chicago BusinessFebruary 26, 2024
Nika Schoonover for Capitol News IllinoisMarch 23, 2023
Landmarks Illinois Logo
Bonnie McDonald for Landmarks IllinoisNovember 2023

Similar incentive efforts have been proposed in recent years with varying degrees of acceptance...

Based on a New York law, a bill from John Cullerton would entitle apartment developers to a 10-year property tax break if at least 20 percent of units on-site rent for lower rates.

By Greg Hinz for Crain's Chicago Business - July 23, 2019

However, affordable housing issues run from Chicago through the southern most portions of the state...

By Molly Parker for the Southern Illinoisan - December 14, 2018 

Another side of affordable housing is the termination of leases and demolition or redevelopment of buildings otherwise considered affordable, which is also where government officials may focus...

By Dennis Rodkin for Crain's Chicago Business - July 31, 2020