City Funding Increases for Homeless Prevention

Lawndale News Chicago's Bilingual Newspaper - Local News

Lawndale News Chicago's Bilingual Newspaper - Local News

Mayor Lori E. Lightfoot announced that the City of Chicago will increase funding for homelessness prevention by 36 percent, along with a commitment to increase the number of affordable units for Chicago’s lowest-income renters by 19 percent. This new package of investments and supports includes an increase in funding for the Flexible Housing Pool by $5 million to house more than 200 youth experiencing housing instability or homelessness, along with a commitment of $5 million from the corporate fund to the Low-Income Housing Trust Fund (LIHTF) for 520 new affordable housing units. Together these investments will provide affordable housing to more than 700 new households through corporate fund contributions geared toward reducing homelessness and stably housing Chicago’s most vulnerable residents. This year’s increase will work toward the following goals:

• Reduce youth housing instability and homelessness by 25 percent

• Expand the LIHTF by 19 percent for a total of 3,200 households

• Build on the work of the Chicago Continuum of Care and other city partners and delegate agencies who work to connect an estimated 15,000-20,000 homeless individuals with services every year

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