Kristin L. Faust

This document serves as Illinois' 2024 Annual Comprehensive Housing Plan Progress Report, evaluating initiatives and activities against housing goals. It outlines four policy priorities: addressing inequities in housing, advancing access for priority populations, supporting economic resiliency and energy efficiency in affordable housing, and maximizing the impact of resources through partnerships and leadership capacity. The plan aims to coordinate public and private efforts to meet diverse housing needs, ensure safe and affordable options for all residents, and foster resilient communities.

The committee reviewed the consolidated interim financial statements for fiscal year 2026, noting favorable operating revenues and administrative fund performance despite some departmental under-spending. The Multifamily Department provided updates on several housing projects including Lathrop Homes Phase IC, the 2026 Habitat Chicago Austin Project, 3959 N. Lincoln Avenue, Indian Trail Apartments, Forest Apartments, and Prairie View Apartments, with requests for tax credits and conduit bond issuances for these developments. The Single Family/Homeownership report highlighted reservation performance, demographic analysis of purchased loans, and the launch of the AccessHome program. Furthermore, the committee authorized the issuance of Revenue Bonds Series 2026 CDEF and various conduit financing notes for specific apartment rehabilitation and development projects.

This document serves as public notice for a commission meeting held via a virtual platform, including specific dial-in information for participants.

The board discussed various asset management and multifamily finance matters, including authorizations for changes in ownership, property management, and loan assumptions for multiple apartment projects. Resolutions were approved regarding the issuance of revenue obligations under bond programs, ratification of permitted financial activities, and the authorization of conduit loans for various housing developments. Furthermore, the board authorized state tax credits for specific projects, approved the use of funds for the Strong Communities Program, and received administrative, financial, investment, and external relations reports.

The meeting featured the presentation of an Excellence in Homeownership Award by US Bank. The agenda included the adoption of sixteen consent resolutions concerning procurement matters, multifamily matters, finance matters, asset management, and community affairs. Additional items discussed and approved included the authorization of State Tax Credits for Lathrop Homes Phase 1C, the 2026 Habitat Chicago Austin Project, and the 3959 N. Lincoln Avenue project. Conduit loan authorizations were approved for several multifamily housing developments, including 3959 N. Lincoln Avenue, Indian Trail Apartments, Forest Apartments, and Prairie View Apartments. Furthermore, the Board authorized the issuance of Revenue Bonds for 2026 Series C, D, E, and F, and received a presentation regarding the Governor's BUILD Budget plan.