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housing policy

New statewide tenant law signed; Chicago seeks to push further

House Bill 3564 requires new transparencies, specifically that all fees must be listed on the first page of a lease. It also prohibits application fees larger than $50 in most cases, any fee for a change or renewal of a lease, after-hours maintenance and multiple others. #centersquare #tenant #law

Illinois Extends and Expands Affordable Housing Tax Credit in FY2027 Budget

Housing advocates say the move represents one of the state’s most significant affordable housing investments in recent years and will help support the development and preservation of affordable homes across Illinois. #budget #affordablehousing #taxcredit

Illinois Opens Applications for $9 Million Program Targeting Vacant, Abandoned Residential Properties

State officials said the program is designed to help communities re vitalize distressed neighborhoods, create new housing opportunities, and spur local economic growth. #chicago #housing #vacantlots

Reentry housing bill draws support from advocates; debate centers on cost, public safety

The bill expands affordable housing and reentry services for people leaving Illinois prisons, aiming to improve long-term outcomes by reducing homelessness and recidivism. #bill #housing #prison

Preston Pushes Reforms to Illinois Property Tax Sale and Redemption Process

“This bill gives people more time to get back on their feet while making sure the system is more transparent and fair when properties do have to be sold.” #senatebill #propertytax #williepreston

Illinois Housing Council Pushes to Extend, Expand Affordable Housing Tax Credit Amid Statewide Shortage

Housing advocates say a mix of rising construction costs, elevated interest rates and limited public funding has made it increasingly difficult to complete affordable housing developments—even when federal assistance is available. #housing #tax #

Illinois housing affordability efforts pit tax cuts against new spending

Illinois housing affordability efforts pit tax cuts against new spending (via The Center Square) – As homeownership may be growing out of reach for...

Pritzker Promotes ‘BUILD’ Plan to Tackle Housing Shortage at McLean County Roundtable

The plan also includes new financial tools, such as expanded down payment assistance programs for first-time homebuyers, along with additional support for affordable and middle-income housing construction. #housing #proposal #costs

Republican Senate Candidate Calls for New Protections to Stop Loss of Family Land in Illinois

Long said she plans to introduce the Heirs Property and Family Land & Home Equity Protection Act, a legislative package aimed at closing loopholes that allow family-owned property to be fractured or sold below market value. #property #candidate #policy

Structural Flaws Drive Unequal Property Tax Burdens, Cook County Official Says

One of the key reforms being pushed is the creation of a countywide assessment manual with binding standards. #cookcounty #propertytax #

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