Illinois Housing Development Authority Awards $2 Million to Habitat for Humanity to Expand Homeownership Opportunities
CHICAGO – The Illinois Housing Development Authority (IHDA) allocated $2 million to Habitat for Humanity of Illinois (HFHIL) to administer a new round of the Community Impact Fund, a program that helps working families, especially in Central and Southern Illinois, buy a home. The program is expected to create 100 new homeowners across Illinois. "Homeownership is the foundation of strong, stable communities, but too many hardworking families are shut out by rising costs and limited access to credit,” said IHDA Executive Director Kristin Faust. “By partnering with Habitat for Humanity of Illinois, IHDA is making sure that more families across our state can put down roots, build wealth, and create brighter futures. This investment is about more than homes; it’s about opportunity, stability, and hope." The Community Impact Fund provides down payment assistance in the form of forgivable grants, reducing barriers that prevent many families from qualifying for traditional
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