City of St. Charles Committee of the Whole Agenda April 2026
St. Charles Allocates $600K to Kane County Housing Fund
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Description
The City of St. Charles approved a fourth amendment to its intergovernmental agreement with Kane County, allocating $600,000 plus closing fees from its Housing Trust Fund into the Kane County Affordable Housing Fund for the 2026 application round. The funds will provide 0% interest development financing for affordable housing projects located within St. Charles.
Contract Details
Contract Amount
$600,000 plus 2.5% closing fees ($15,000)
Vendor
KANE COUNTY
Agency
City of St. Charles city, IL
Contract Type
FINANCIAL_SERVICES
Document Date
April 27, 2026
Contract Term
2026 Affordable Housing Fund application round only
Renewal Date
2026-12-31
Renewal Info
Allocation is limited to Kane County’s 2026 Affordable Housing Fund application round; future allocations will be determined annually prior to the County’s call for proposals. The City may terminate participation in the AHF with 90 days’ notice under the IGA.
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