Authors: Revere, Elspeth
Summary
This report describes how Illinois was facing a dual crisis of housing availability, and housing affordability. Each year, the amount of new and rehabilitated housing fails to replace normal amounts of housing lost. Most of the state’s affordable housing stock is again and is not receiving the maintenance necessary for long-term presentation. At the same time, housing costs have been rising steadily during the last decade. As a result, 30% of the Illinois households who were potential new homeowners in 1970 could not afford to buy a home in 1980 and more than 45,000 Illinois citizens have no home at all.
Therefore, the Statewide Housing Action Coalition, a coalition with forty member organizations throughout Illinois, has proposed the establishment of the Illinois Affordable Housing Program. The program will in turn contain an Illinois Affordable Housing Trust Fund, which will provide a subsidy to affordable housing that is substantial in size, predictable, annually renewable, and permanently dedicated to providing affordable housing.
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