Chicago Unveils Game-Changer: Illinois Housing Development Authority and LISC Kickstart Next Gen Initiative for Emerging Developers
Exciting news out of the Windy City! The Illinois Housing Development Authority (IHDA) and the Local Initiatives Support Corporation (LISC) have just launched a groundbreaking program called the Next Generation Capacity Building Initiative, or Next Gen for short. The mission? To broaden the talent pool and amplify diversity in the housing development sector and related industries.
Unlock the Power of Next-Gen
What exactly does Next Gen bring to the table? This transformative program is set to offer specialized training and technical assistance to ensure wider access to pre-development financing and state-administered housing resources. The spotlight here is on demolishing barriers that have historically held back developers of color, specifically within the framework of the Low-Income Housing Tax Credit (LIHTC) program.
Continued Commitment to Inclusion
This collaborative endeavor between IHDA and LISC is a cornerstone in IHDA’s ongoing mission to support a vibrant and diverse array of affordable housing developers across Illinois. The call is out for Black, Indigenous, and People of Color (BIPOC) developers who wish to take part in the Next Gen training program. Ready to apply? You can find the application form right here.
A Word from Governor JB Pritzker
“Here in Illinois, we are driven by the belief that everyone deserves a safe and stable place to call home,” said Governor JB Pritzker. “The Next Gen program is a major step toward equitable opportunities in the housing industry. By supporting BIPOC developers who have been historically underrepresented, we are not just talking about diversity—we are actively fostering it.”
Lt. Gov. Juliana Stratton Weighs In
“Affordable housing isn’t just a need—it’s a right that enables all Illinoisans to live their best lives,” said Lt. Gov. Juliana Stratton. “Breaking down systemic barriers benefits everyone in our communities. Our administration is thrilled to offer this new initiative as a resource for our incredibly diverse workforce to excel and flourish.”
So, whether you’re an aspiring developer or simply passionate about the future of housing in Illinois, the Next Gen Initiative promises to be a monumental step forward in making the field more inclusive and diverse. Don’t miss your chance to be part of this industry-shaping program!
