(IOCI RADIO) – Illinois is awarding nearly $75 million in grants to increase affordable housing options in the state.
The federally-funded grants will be used to finance construction and rehab projects around the state, providing over 1,000 units, Illinois Housing Development Authority Executive Director Kristin Faust said.
Other locations receiving grants include Peru, Bloomington, Mundelein, Mt. Carroll, East St. Louis and Marion.
Regarding Marion, Rolling Acres Apartments will consist of 56 units spread over 28 duplex homes across 10 acres. Budslick Investments will bring the affordable housing to Marion for those earning at-or-below 60% Area Median Income for Williamson County.