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Published on April 29, 2024
Illinois Allocates Record $123 Million for Permanent Supportive Housing to Combat HomelessnessSource: Chicago Coalition for the Homeless

The State of Illinois is dishing out its largest chunk of change yet for permanent supportive housing, with the Illinois Housing Development Authority (IHDA) cutting a historic $123 million to fund housing for folks on the brink of homelessness or those grappling with disabilities. This massive injection of cash, hailed as the state's largest annual investment to tackle homelessness, will pump life into 14 developments that'll offer 392 homes to those in need, as per an announcement fetched by the Illinois government.

Governor JB Pritzker proclaimed, "Everyone deserves a safe and stable place to call home." He waxed clear-cut about the state's beefed-up commitments to shove homelessness to the curb, framing these 14 initiatives as critical to bolstering permanent housing options for populations that typically get the short end of the stick when it comes to grasping for living quarters and essential services.

The Permanent Supportive Housing Development Program serves as a lifeline for a medley of individuals – from the homeless and disabled to veterans and those frequently making trips to the emergency room. Kristin Faust, IHDA's Executive Director, articulated in an interview that Governor Pritzker has set the bar with a mandate to chip away at homelessness until it hits "functional zero." Faust added, "With limited resources, we strategically leveraged various funding streams to award the single largest permanent supportive housing round in our history." The aim is crystal – create a foundation for stability, affordability, and access to a menu of voluntary supportive services.

Spelling it out plainly, Assistant Majority Leader David Koehler (D-Peoria) emphasized the transformative potential for developments like Phoenix Manor, which envisions repurposing an old nursing college into a snug harbor offering a roof and healthcare support to those facing homelessness. He lauded the initiative, underscoring the duality of cutting healthcare costs and boosting tenant wellbeing. Funding for these ambitious projects has been siphoned from a cascade of sources, including the Illinois Affordable Housing Trust, the American Rescue Plan Act of 2021, and the Healthy Housing, Healthy Communities initiative – all designed to foster strategic alliances and punch up community health standards, particularly in places like Peoria and Urbana.

With Illinois officials quoting a demand for over 6,000 additional affordable housing units for at-risk citizens, developments such as Villa Guadalupe are set to welcome those who require specialized housing in southeast Cook County, State Representative Curtis Tarver, II (D-Chicago) highlighted. "The permanent supportive housing program is a great example of utilizing state resources to help break the cycle of homelessness, institutionalization, and crisis," Tarver told Illinois government officials.

Chicago-Real Estate & Development