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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.
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A long dormant part of Uptown Normal finally has a tenant. The owner of Hacienda Leon in Bloomington will open another of those restaurants in One Uptown, on the circle.
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Demand is up, supply is low, and the rental market has responded accordingly.
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McLean County’s new supervisor of assessments says the hot housing market means more people might have questions about how their homes are being assessed this year.