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The results of a recent housing symposium were analyzed, with a number of potential remedies being suggested. The city also will hold meetings to receive citizen input over the course of the next month.
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Numerous housing developments aimed at helping to close the gap in Bloomington-Normal’s ongoing housing shortage have failed to get off the ground in recent years, but Central Illinois property management company Christian County Development Corporation and Domera Development LLC are defying the odds.
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The McLean County Regional Planning Commission has finished its Regional Housing Recovery Plan to address shortages in housing, workforce housing, mixed use housing, affordable housing, and housing for the housing challenged.
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Home Sweet Home Ministries in Bloomington launched a master leasing program roughly six months ago that allows the shelter to sub-let units to clients who wouldn't normally be approved to rent.
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The city manager of Normal said the issues raised by proposed state legislation to eliminate single family zoning are important to the town even though the measure would only affect cities that are larger than Bloomington and Normal.
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Bloomington-Normal leaders have different views whether or how government should be involved in breaking the logjam of factors that has slowed the pace of new housing construction.
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Another large housing development — with over 250 apartments and row houses — is planned for Normal on a prime piece of real estate near the Collie Ridge subdivision.
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Bloomington-Normal has a housing shortage. It's a recurring issue, and there are hosts of people waiting in the wings for their shot at making the community their home.
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The frenzied Bloomington-Normal housing market has cooled off, though a local Realtors group says rapidly rising prices might not level off until the middle of 2023.
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There’s a lot more to the Bloomington-Normal real estate market than single-family homes. The commercial market includes office space, retail, industrial, and big apartments. And it's on its own cycle, typically following the residential market but several months behind.