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In a unified step forward, Rockford’s City Council voted unanimously (11-0) to extend a key homebuilding incentive: a three-year property tax rebate for new single-family and multifamily homes built in 2025. This intergovernmental agreement between the City and Rockford Public Schools is another intentional effort to strengthen Rockford’s housing market—and ensure our region is ready for growth.
Creating the right environment for housing development takes time, resources, and deep collaboration. City leaders are rising to the challenge, aligning policy with the needs of a rapidly growing community.
And it doesn’t stop there.
The Rockford Community Investment Fund (RCIF) is another innovative tool being used to increase the number of livable homes across our city. Launched in 2022 as a spinoff of the Rockford Local Development Corporation, RCIF provides critical lending options for developers who want to rehab aging or at-risk housing—properties that traditional financing might overlook.
By bringing these homes back to life, RCIF helps stabilize neighborhoods, protect property values, and give more families the opportunity to build a future in Rockford.
These efforts—paired with the city's long-range housing strategy—demonstrate the collective will of our public, private, and nonprofit sectors to build a Rockford where everyone can thrive.
Learn more:
Read about this week’s City Council decisions
Explore the Rockford Community Investment Fund
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