stevevance/build_fact_sheet.txt

## build_fact_sheet.txt
Gov. Pritzker’s Affordability Agenda Proposes Suite of Housing Solutions to Cut Red Tape,
Increase Supply, and Lower Costs
Working families are struggling to buy or rent a home because the United States, including Illinois, is facing a
housing crisis. Illinois is short about 142,000 housing units and will need to build over 225,000 units in five
years to keep up with growing demand. With few housing options to choose from, Illinoisans are spending
more of their income on housing – oftentimes in inadequate spaces for their families.
Developer demand to build is high, but red tape gets in the way. A patchwork of different local building
restrictions makes it harder for developers to get permits to build, driving up the costs of building new
housing. In the past five years alone, the number of home listings has dropped 64 percent and new construction
permits have dipped to 13 percent.
As part of Governor Pritzker’s Affordability Agenda, Illinois is proposing a comprehensive approach to
expand housing for working families by accelerating homebuilding through a holistic, coordinated strategy
that combines legislative reform, targeted capital investment, and innovative financial tools.
Unlock existing housing potential in communities across Illinois:
• Legalize a wider range of family friendly housing types (duplexes, triplexes, four-flats, etc.) statewide,
expanding access to homes families can afford.
• Allow homeowners to boost their income and increase housing supply by allowing them to add Accessory
Dwelling Units (ADUs, like granny flats, backyard cottages, or above-garage apartments) to existing
property.
• Let developers build more housing with fewer and more sensible parking space requirements.
Cut red tape to build housing faster and more economical:
• Streamline the permitting process to give developers clear, predictable timelines for housing permit
reviews and inspections
• Allow developers to use a qualified third-party who follows all applicable local and state standards to sign
off on permits when local delays occur – relieving pressure for local governments.
• Standardize impact fee practices, which increase predictability for developers while preserving local
decision-making.
• Modernize outdated building codes to maintain resident safety, free up space for more housing, and drive
down costs
$250 Million in capital investment and grants to spur development and support homeownership:
• $150 million administered by the Illinois Housing Development Authority (IHDA):
o $100 million: Capital funding to support middle housing construction.
o $50 million: Down payment assistance for first-time homebuyers.
• $100 million administered by the Illinois Department of Commerce and Economic Opportunity
(DCEO): Capital grant funding for municipalities to remove upfront infrastructure barriers that hinder
viable housing projects, for example, funding for stormwater improvements, sewer, and site access
improvements.
	Gov. Pritzker’s Affordability Agenda Proposes Suite of Housing Solutions to Cut Red Tape,
	Increase Supply, and Lower Costs
	Working families are struggling to buy or rent a home because the United States, including Illinois, is facing a
	housing crisis. Illinois is short about 142,000 housing units and will need to build over 225,000 units in five
	years to keep up with growing demand. With few housing options to choose from, Illinoisans are spending
	more of their income on housing – oftentimes in inadequate spaces for their families.
	Developer demand to build is high, but red tape gets in the way. A patchwork of different local building
	restrictions makes it harder for developers to get permits to build, driving up the costs of building new
	housing. In the past five years alone, the number of home listings has dropped 64 percent and new construction
	permits have dipped to 13 percent.
	As part of Governor Pritzker’s Affordability Agenda, Illinois is proposing a comprehensive approach to
	expand housing for working families by accelerating homebuilding through a holistic, coordinated strategy
	that combines legislative reform, targeted capital investment, and innovative financial tools.
	Unlock existing housing potential in communities across Illinois:
	• Legalize a wider range of family friendly housing types (duplexes, triplexes, four-flats, etc.) statewide,
	expanding access to homes families can afford.
	• Allow homeowners to boost their income and increase housing supply by allowing them to add Accessory
	Dwelling Units (ADUs, like granny flats, backyard cottages, or above-garage apartments) to existing
	property.
	• Let developers build more housing with fewer and more sensible parking space requirements.
	Cut red tape to build housing faster and more economical:
	• Streamline the permitting process to give developers clear, predictable timelines for housing permit
	reviews and inspections
	• Allow developers to use a qualified third-party who follows all applicable local and state standards to sign
	off on permits when local delays occur – relieving pressure for local governments.
	• Standardize impact fee practices, which increase predictability for developers while preserving local
	decision-making.
	• Modernize outdated building codes to maintain resident safety, free up space for more housing, and drive
	down costs
	$250 Million in capital investment and grants to spur development and support homeownership:
	• $150 million administered by the Illinois Housing Development Authority (IHDA):
	o $100 million: Capital funding to support middle housing construction.
	o $50 million: Down payment assistance for first-time homebuyers.
	• $100 million administered by the Illinois Department of Commerce and Economic Opportunity
	(DCEO): Capital grant funding for municipalities to remove upfront infrastructure barriers that hinder
	viable housing projects, for example, funding for stormwater improvements, sewer, and site access
	improvements.
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