Investment Announcements

AFL-CIO Housing Investment Trust Creates Illinois Jobs, Adds to Affordable Housing, Offers Investment Returns 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…

$10 Million Partnership with IFF Helps Nonprofits, Generates Investment Returns for State Illinois Treasurer Michael Frerichs today unveiled a new community investment program designed to build affordable housing, help nonprofits, and generate returns for the state. Frerichs invested $10 million with IFF, a Chicago-based Community Development Financial Institution that promotes economic development by providing financing and real estate consulting across the Midwest to nonprofits and people underserved by traditional financial institutions, particularly in low-income communities. On Tuesday, Frerichs highlighted one…

Before they adjourned for the year, Illinois state lawmakers approved a $1.5 billion funding package to reform and rebuild public transit. Part of the plan is to earmark money that the Illinois Treasurer’s Office earns from investing revenues from the Road Fund and another transportation-related fund. I appreciate the Governor and General Assembly coming together to address mass transit needs, as well as their confidence in me. But it is unlikely we can continue to generate $200 million in annual…