Innovating new, sustainable models for affordable housing construction
To “grow the pie” and reduce reliance on federal subsidies, there are some innovative new revolving fund approaches toward affordable and mixed-income housing. These models allow for self-sustaining investments and reinvestments of local funds into environmentally sustainable, high-quality housing that remains permanently affordable.
Impact for Equity is working closely with the Chicago Department of Housing to launch the Green Social Housing program funded by the 2024 Housing and Economic Development Bond and is exploring how this model can be adopted by other jurisdictions in Illinois.
