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Digital Subscriptions > Cities Today > Cities Today 20 > Illinois Housing provides US$1.1 billion for affordable housing

Illinois Housing provides US$1.1 billion for affordable housing

UNITED STATES

Illinois Housing Development Authority (IHDA) provided US$1.1 billion for affordable housing and served more than 11,400 families in 2015, partnering with hundreds of lenders, developers and community development organisations to help low- and moderate-income households purchase or refinance a home, or find an affordable apartment. Through a network of 180 participating community lenders, US$856 million in loans and down payment assistance were made to 7,000 borrowers who purchased or refinanced a home using IHDA’s @HomeIllinois and 1stHomeIllinois programmes, making 2015 the second-most productive year in IHDA’s 30 plus years of mortgage lending. For affordable and mixedincome rental housing, IHDA provided US$260 million in loans and grants and tax credits.

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Cities without borders How mayors are taking the lead on the migrant crisis - The new role of insurers in resilience planning - Which city will be first to carbon neutrality? -The need for global standards on urban data Cities Today is the only global magazine containing analysis, comment and best practices on sustainable urban development, connecting local governments with public and private sector solutions. With an expert editorial advisory board comprising the World Bank, UN-Habitat, UNEP, and city associations ICLEI, C40, UCLG ASPAC, UCLG Africa, UCLG MEWA, Sister Cities International and FLACMA, the publication highlights the challenges facing city leaders and local governments in mobility, finance, smart technology, health care, energy efficiency, water, sanitation, security and housing

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