Could local housing markets benefit from Illinois’ “BUILD Plan”
Illinois Gov. J.B. Pritzker announced a new proposal called the “BUILD Plan” today, aimed at lowering housing costs across the state. The plan is designed to make the home-building process easier, faster and more productive. The announcement comes as local communities like Belvidere face tight housing inventories.
CHAMPAIGN, Ill. (WCIA) -- A professor at the University of Illinois at Urbana-Champaign said the state is behind when it comes to affordable housing. A study co-authored by labor professor Robert Bruno estimated the state is short more than 220,000 homes right now. He said Illinois would need to build…
CENTRAL ILLINOIS (WCIA) -- $6 million will be parceled out to housing counseling agencies across the state to improve financial education. In Central Illinois, several counseling agencies will be getting a slice of that money. The Illinois Housing Development Authority (IHDA) announced last week that the grant funding will expand pre-purchase homebuyer education,…