Docket Room
SB 3009·IL·senate

$DCEO-NEIGHBORHOOD HOUSING

In CommitteeFiled Jan 29, 2026
Sponsor: Willie Preston
Latest Action

Pursuant to Senate Rule 3-9(b) / Referred to Assignments

Jul 2, 2026

Summary

The bill directs $5 million from Illinois’ General Revenue Fund to the Department of Commerce and Economic Opportunity, which will grant the money to Neighborhood Housing Services of Chicago. The funds are to support equitable mortgage lending, homebuyer subsidies, foreclosure prevention services, and related assistance beginning July 1 2026. It is intended to help Chicago homebuyers and keep them in their homes.

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