Investment Announcements

Read Illinois Treasurer investment announcements about new investments, partnerships and opportunities that support the state’s financial goals and economic growth.

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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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…

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Treasurer Frerichs Bill to Help Nonprofits Increase Investment Opportunities Is Now Law

SPRINGFIELD – Illinois State Treasurer Michael Frerichs’ measure to expand investment opportunities for non-profit organizations across the state is now law after Gov. JB Pritzker recently signed the bill. Senate Bill 2968 creates the Non-Profit Investment Pool, a safe and efficient investment option allowing eligible nonprofits to make the most of available funds while reducing administrative burdens. The law is intended to help nonprofits strengthen their financial stability and maximize resources that support communities throughout the state. “We worked with lawmakers and the Governor’s Office to pass this law, and…

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Shermann Dilla Thomas speaks at a microphone as Treasurer Frerichs and another man watch

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

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 of the first completed projects, the new South Side headquarters of the Chicago Mahogany Foundation , award-winning Chicago historian Shermann “Dilla”…

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Illinois government offices building in Springfield Illinois

Treasurer Frerichs Wins Approval of Bill to Help Nonprofits Increase Investment Opportunities

SPRINGFIELD – Illinois State Treasurer Michael Frerichs thanked members of the General Assembly today for passing Senate Bill 2968 and expressed gratitude to Governor JB Pritzker’s office for its collaboration in advancing legislation that expands investment opportunities for non-profit organizations across Illinois. The legislation creates the Non-Profit Investment Pool, a safe and efficient investment option allowing eligible nonprofits to make the most of available funds while reducing administrative burdens. The measure is intended to help nonprofits strengthen their financial stability and maximize resources that support communities throughout the state. “Nonprofits…

Read MoreTreasurer Frerichs Wins Approval of Bill to Help Nonprofits Increase Investment Opportunities