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IL HR0255
Resolution
Status
4/3/2019
Primary Sponsor
Will Guzzardi
Click for details
AI Summary
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Calls for allocating $1 billion in Illinois' next capital budget to affordable housing development across urban, suburban, and rural communities
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Projects that $1 billion investment could build 10,000 affordable rental homes, create 16,000 jobs in the first year, and generate $755 million in taxes and $3.9 billion in local income over 15 years
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Identifies critical housing needs including affordable homes for working families and seniors, supportive housing for homeless populations, accessible housing for people with disabilities, and memory care homes for Alzheimer's patients
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References the 2009 capital budget precedent that allocated $145 million for affordable housing, resulting in 694 rental homes and leveraging $82.5 million in additional public and private resources
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Directs copies of the resolution to the Governor, Capital Development Board, Housing Development Authority, and multiple state departments including Human Services, Transportation, Aging, and Veterans' Affairs
Legislative Description
AFFORDABLE HOUSING-INVESTMENT
Last Action
Rule 19(b) / Re-referred to Rules Committee
7/2/2019