Illinois Treasurer Michael Frerichs Unveils New Investment Program to Build Affordable Housing
$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…
