AURORA – The City of Aurora will receive $487,000 in funding for affordable housing and community revitalization through the Illinois Housing Development Authority’s Strong Communities Program, supported by State Senator Karina Villa.
“Through the Strong Communities program, we can promote economic growth, stimulate local businesses, reduce housing insecurity and improve the quality of life for countless families in the 25th District,” said Villa (D-West Chicago). “The funding for these essential projects is coming at a time when affordable housing and community well-being are principal concerns. I commend the IHDA for working on behalf of our residents to ensure quality living is achievable for everyone.”
The Strong Communities Program supports local revitalization efforts and attracts further investment in communities that may lack the resources needed to tackle vacant, abandoned and deteriorated properties.
The IHDA approved a total of $19 million to support these revitalization efforts across Illinois. The grants are funded by the Rebuild Illinois capital plan and will leverage IHDA’s existing funding to increase property values, create jobs, help reduce crime, generate additional tax revenue and attract further community investment in underserved communities around the state.
“Vacant and abandoned properties continue to be a strain on local budgets and resources in communities throughout Illinois, which is why IHDA created the Strong Communities Program to assist local governments with their neighborhood revitalization efforts,” said IHDA Executive Director Kristin Faust. “Through the Strong Communities Program, IHDA seeks to help communities transform these properties back into positive, revenue-generating assets for neighborhoods.”
A total of $30 million in grant funding has been awarded through two application rounds. For more information, visit IHDA’s website.