2026

Treasurer Frerichs and 2 other people standing outside at a construction site as the Chicago skyline is in the background, and a TV camera person is on the left

Illinois Treasurer Frerichs, Labor Leaders Highlight New Law Allowing Investment in Affordable Housing Ahead of Labor Day

Video will be available here: Ahead of Labor Day, Illinois State Treasurer Michael Frerichs, labor leaders, and state legislators on Thursday highlighted a new law that will allow him to make investments to build more affordable housing. Senate Bill 3086 , which passed with bipartisan support in late May, allows Treasurer Frerichs to invest in the AFL-CIO Housing Investment Trust. The fund focuses on building and preserving affordable and workforce housing, creating union construction jobs, and fostering community development. “The new law is great news as we get ready…

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Two men walk along a dirt lot where wood framing for a house is being built

Investing in the Place We Call Home

It can be hard to leave a house you’ve lived in for more than a quarter century. We make a lot of memories in our homes, but I think it’s even more difficult when you built the house yourself. I can’t say for certain because I don’t have the skills to build a house, unlike my older brother, James. Last spring, he sold the house that he built nearly 30 years ago. James has gone through two union apprenticeship programs. He has been trained as an operating engineer and as…

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Treasurer Frerichs wearing a dark suit and orange tie, with his arm crossed. U.S. and Illinois flags are to his right.

Treasurer Frerichs Makes $1.45 Billion In Investment Earnings on State Portfolio

The State Treasurer’s Office made $1.45 billion in investment earnings from the state investment portfolio during Fiscal Year 2026, Illinois Treasurer Michael Frerichs announced today. Treasurer Frerichs is the state’s Chief Investment and Banking Officer. He is responsible for investing state revenue in the state investment portfolio . “Every dollar we earn in interest for the people of Illinois is a dollar that lawmakers don’t have to raise in taxes or cut in services,” Frerichs said. “We are trying to maximize earnings for our state at a time when working…

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Treasurer Frerichs speaks from a podium as 2 people stand beside him. On a wall to the left is a large photo of a white dog

Illinois Treasurer Frerichs, Ald. Hopkins Return $28,000 To PAWS Chicago on National Dog Day

Video to be posted here: Illinois Treasurer Michael Frerichs marked National Dog Day on Wednesday by returning $28,000 in unclaimed property to PAWS Chicago. “PAWS Chicago does such a great job finding so many dogs and cats their forever homes, and it’s our job to reunite people with money that belongs to them through the ICash program,” Treasurer Frerichs said. “We are proud to team up with PAWS Chicago to put the money to good use helping connect people with pets.” “We are incredibly grateful to Treasurer Frerichs and…

Read MoreIllinois Treasurer Frerichs, Ald. Hopkins Return $28,000 To PAWS Chicago on National Dog Day
Illinois state flag with eagle and shield

Illinois Treasurer Frerichs Applauds Signing of Bill Allowing Investment in Union-Built Affordable Housing

Illinois State Treasurer Michael Frerichs on Tuesday applauded a new law that will allow him to make investments to build more affordable housing. Gov. JB Pritzker signed into law Senate Bill 3086 , which passed with bipartisan support in late May. The bill allows Treasurer Frerichs to invest in the AFL-CIO Housing Investment Trust, which focuses on building and preserving affordable and workforce housing, creating union construction jobs, and generating returns for investors while fostering community development. “This new investment tool will help build homes, create good-paying jobs for Illinois…

Read MoreIllinois Treasurer Frerichs Applauds Signing of Bill Allowing Investment in Union-Built Affordable Housing