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The program is expected to create 100 new homeowners across Illinois.
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HDA also backed 45 developments creating or preserving more than 3,000 affordable rental units, including housing for veterans and individuals with special needs.
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Part of the new housing project involves the university taking down long-vacant residence halls along the old Greek Row.
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These reforms could help double current construction rates and improve affordability across Illinois.
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It will be named Saluki Village and be located along the area formerly known as Greek Row, across from the Simmons Law School.
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Construction of Concord Villas is expected to begin in early 2026, with completion likely in 2027.
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Experts say buyers are still active for well-priced homes, but affordability and inventory remain concerns
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The economically depressed community of Cairo is in desperate need of new housing.
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Indiana home buyers are now required to sign written agreements with real estate brokers due to a new law aimed at enhancing transparency and consumer protection.
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The City wants to identify those interested in serving on a rental housing licensing planning committee.