The City has allocated a portion of the St. Charles Housing Trust Fund to the Kane County Affordable Housing Fund (AHF) to be made available for development of affordable housing in St. Charles. The Affordable Housing Fund was created by the County to provide gap financing to developers seeking to preserve and/or develop affordable housing in Kane County. Various funding sources were combined to create the AHF in addition to the City's contribution.
Developers apply for funds by providing proposals during the County's annual application cycle. The St. Charles Housing Commission is responsible for approving financing for projects proposing use of St. Charles Housing Trust Fund resources.
To learn more about the Kane County Affordable Housing Fund please visit http://www.countyofkane.org/Pages/ocr/AHF.aspx.