Funding opportunity: Strong Communities Program for vacant properties
Administered by the Illinois Housing Development Authority, this program is an economic development tool to address local affordable housing needs by focusing on vacant and abandoned residential properties through community revitalization, greening, and redevelopment.
The Illinois Housing Development Authority has announced its request for applications for the Strong Communities Program (SCP). SCP provides grant funds to municipalities, counties, and land banks to address affordable housing needs and community revitalization efforts. SCP will return vacant residential properties to productive and taxable use through rehabilitation and provide funds for demolition in cases where properties are beyond repair and negatively impacting neighboring residences. As a result, SCP will increase property values, create jobs, help reduce crime, generate additional tax revenue and attract further community investment. It will preserve existing affordable housing stock that is often in city centers and in proximity to community amenities (schools, parks, medical facilities, shopping, jobs and transportation). CLICK HERE for a side-by-side comparison of the Abandoned Property Program and SCP programs to determine which is best suited for your community. Read more.