Housing Market

The housing shortage in Bloomington-Normal is one of several factors that, if unchecked, could lead to economic stagnation, according to the agency charged with spurring the economy in the Twin Cities. There are signs it's already sapping growth.

There’s a new financing tool available in McLean County that could help nibble away at the size of the housing shortage in Bloomington Normal. It's called the Commercial Property Assessed Clean Energy Program or C-PACE.

Government efforts to address the Bloomington-Normal housing shortage are a work in progress. Every little effort to make it more attractive to develop helps.

The Normal Town Council on Monday delayed a vote on new fines for large gatherings, and considered tightening regulations on Airbnb properties.

David Berenbaum, the deputy assistant secretary for housing counseling at the U.S. Department of Housing and Urban Development, spoke to around 400 attendees of the Housing Action Illinois annual conference in Bloomington about how to prepare the next generation of homeowners for the task. He shares his insights with WGLT.

Democrat Sean Fagan is running for McLean County Board District 9 because he's seen some "game-playing" he doesn't like among members recently. He's challenging Republican incumbent Susan Schafer, a long-time board member and current Health Committee chair.

Mayor Mboka Mwilambwe says he empathizes with people who are rent-burdened, but that doesn't mean he supports the idea of rent control.

Mayor Chris Koos is pushing back on the position that natural revenue growth can make up for the upcoming loss of grocery sales tax revenue.

The McLean County supervisor of assessments said to expect property values to continue to change at a rate not seen in decades, due largely to the housing shortage.

Speed problems on the Constitution Trail are rising as e-bikes become more common. Normal Mayor Chris Koos said more enforcement is needed.