Governor Pritzker Advocates for Housing Reform Amid Rising Costs in Illinois
Governor JB Pritzker is addressing the housing crisis in Illinois, where a recent poll indicates that over a third of voters are considering moving out due to high housing costs. The poll, conducted by the Illinois Realtors group, highlights significant concerns about housing affordability, with 81% of respondents believing the situation is worsening. Pritzker has proposed the 'Building Up IL Developments' (BUILD) initiative, aimed at loosening zoning regulations to facilitate the construction of multifamily homes. The initiative includes updating building codes, eliminating parking mandates, and investing $250 million in construction and down payment assistance for first-time homebuyers. The plan seeks to address the shortage of housing units in Illinois, which currently stands at 142,000, with a need to build 225,000 more by 2030.