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Committee approves $500,000 allocation from Saint Charles Housing Trust Fund for Kane County affordable housing program

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Summary

The committee approved allocating $500,000 (plus an administrative fee) from the Saint Charles Housing Trust Fund to the Kane County Affordable Housing Fund to boost local affordable housing project competitiveness in the county RFP process

The Saint Charles Planning & Development Committee approved allocating $500,000, plus an administrative fee, from the Saint Charles Housing Trust Fund to the Kane County Affordable Housing Fund to increase the city's competitiveness for projects proposed through the county's upcoming request for proposals (RFP).

City staff said the city has participated in the county fund since 2018 and that previously allocated city funds…

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