SPRINGFIELD – State Senator Doris Turner announced that Decatur, Springfield and Macon County are set to receive a combined total of more than $1 million to support community revitalization efforts.
“Revitalizing abandoned homes provides homeownership opportunities, bringing more housing options to the area,” said Turner (D-Springfield). “Investing in housing across Central Illinois will boost our local economies, create jobs and uplift the communities.”
The Illinois Housing Development Authority recently approved $19 million to support affordable housing and community revitalization efforts across Illinois. Awarded under the Strong Communities Program, the initiative will provide funding to 68 units of local governments and land bank authorities for the acquisition, maintenance, rehabilitation and demolition of abandoned residential properties in their communities. The program is designed to support local revitalization efforts and attract further investment in communities that may lack the resources needed to tackle vacant, abandoned and deteriorated properties.
The second round of Strong Communities Program awardees include Springfield, Decatur and Macon County, with each entity receiving $337,000.
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. A total of $30 million in grant funding has been awarded through two application rounds.
“The Central Illinois Land Bank Authority is thrilled that IHDA invested in our "Abandonment to Rehab" program,” said Central Illinois Land Bank Authority Executive Director Mike Davis. “Decatur has hundreds of abandoned homes and 42% of renters have high rent burden. The City has already invested $500k and it’s fantastic the state sees the potential for scaling up this program.”
To learn more about the Stronger Communities Program, click https://www.ihda.org/my-community/revitalization-programs/">here.