New Training Program Expands Affordable Housing in Illinois

Applications are now open for a program that trains emerging developers in affordable housing development across Illinois.

Building the Future of Affordable Housing in Illinois

The Illinois Housing Development Authority (IDHA) and the Local Initiatives Support Corporation (LISC) have opened applications for the 2026 class of the Next Gen Capacity Building Initiative.

According to the press release, this is a program that is designed to strengthen Illinois' affordable housing pipeline.

This program provides up-and-coming for-profit and nonprofit developers with critical training in the Low-Income Housing Tax Credit (LIHTC) industry, which hopes to then bring affordable housing projects to life across Illinois.

Training Developers to Meet Community Needs

Through a combination of technical assistance, early-stage capital, and access to industry experts, Next Gen helps developers gain the knowledge and resources needed to navigate the complex processes of affordable housing development.

IHDA Executive Director Kristin Faust said the program "opens doors for developers who are ready to shape the future of affordable housing in Illinois."

Supporting Diverse Voices and Regions

According to the press release, Next Gen prioritizes applicants from rural, suburban, and urban communities, making sure that housing investment benefits all parts of Illinois.

Next Gen equips emerging developers from all backgrounds with the skills, relationships and resources they need to turn their vision for community transformation into reality. -Meghan Harte, Senior Executive Director, LISC Illinois

Developers can learn more about Next Gen during two virtual information sessions that are being hosted by the Local Initiatives Support Corporation (LISC) on November 12 at Noon and November 19 at 5:30 pm CST.

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Applications are due by 11:59 pm on December 4, 2025, and more information can be found about Next Gen by clicking HERE.

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Gallery Credit: Hannah Lang

Filed Under: Rockford News