IHDA Issues $40M Grant to Fund New Supportive Residences

IHDA Issues $40M Grant to Fund New Supportive Residences

CHICAGO- Illinois’ vulnerable residents will have new options for supportive housing soon, thanks to a $40 million grant from the Illinois Housing Development Authority (IHDA) to fund the development of new permanent supportive residences.

A subset of affordable housing, the Permanent Supportive Housing Development Program provides a place to live as independently as possible for individuals, including those transitioning from institutions, at risk of homelessness or with substance-abuse issues, a news release from IHDA said.

Bob Palmer, policy director at Illinois Housing Action, said supportive housing is critical to helping those who need services attached to their accommodations to be a successful tenant.

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