Illinois Will Provide $1.5B in Assistance to Hard-Hit Renters and Landlords
Illinois Gov. JB Pritzker said Monday that the state would make $1.5 billion in housing assistance available to renters and landlords hit hard by the pandemic. Pritzker also said the state would begin winding down its moratorium on evictions, which has been in effect since March 2020.
“The Illinois Rental Payment Program will ensure more than 120,000 household renters see relief, with more renters potentially being touched in the future, too,” said Pritzker. “Any eligible resident who rents their home, is behind on payments, and experienced financial hardship in the pandemic is eligible to apply for up to $25,000 of rental assistance paid directly to their housing provider or landlord.”
The ILRPP will deploy multiple rounds of funding totaling $1.1 billion to Illinois renters and landlords in an effort to prevent evictions. An additional $400 million in rental assistance will be provided by larger municipalities.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).