Mayor Brandon Johnson, Department of Housing Announce $300 Million Investment in Affordable Housing

April 1, 2026

CHICAGO — Today, Mayor Brandon Johnson and the Chicago Department of Housing (DOH) announced an investment of more than $300 million in 15 affordable housing developments across the city as part of the 2025 Qualified Allocation Plan (QAP).

Released every two years, the QAP sets the rules for accessing City assistance and federal Low-Income Housing Tax Credits (LIHTC), a crucial funding source for affordable housing development. LIHTC operates as a public-private partnership, where investors provide equity for low-income rental properties in exchange for a federal tax credit over several decades.

“Today we take a transformational step forward in our mission to make ‘housing as a human right’ a reality for every Chicagoan,” said Mayor Brandon Johnson. “Each unit we build empowers families to plant their roots in our city while increasing the ability for long-time residents to stay in their communities. As we continue to make the critical investments we need to increase housing accessibility and equity, we are redoubling our efforts to ensure Chicagoans have access to not just stable housing, but enjoy security and dignity throughout their lives.”

Read the full Press Release here: City of Chicago: Mayor Brandon Johnson, Department of Housing Announce $300 Million Investment in Affordable Housing

Photo: POAH’s Senior Vice President, Real Estate Development, Midwest Region, Bill Eager, speaking at the press conference on behalf of POAH as awardee for property Woodlawn Social.