New Program Aims To Turn Student Loan-Burdened Millennials Into Homeowners

Illinois ranks sixth among the states with the highest amount of average student loan debt.

Homeownership As Luxury Good? The Pandemic’s Impact On The Housing Market
A "For Sale" sign stands in front of a home that is in the process of being sold in Monroe, Wash., outside of Seattle. (Elaine Thompson, File/AP Photo)
Homeownership As Luxury Good? The Pandemic’s Impact On The Housing Market
A "For Sale" sign stands in front of a home that is in the process of being sold in Monroe, Wash., outside of Seattle. (Elaine Thompson, File/AP Photo)

New Program Aims To Turn Student Loan-Burdened Millennials Into Homeowners

Illinois ranks sixth among the states with the highest amount of average student loan debt.

A new program from the Illinois Housing Development Authority is looking to help residents most burdened by student loan debt in an effort to boost homeownership in the state. Reset talks to the head of the department for more on the program and why it’s a priority.

GUEST: Kristin Faust, executive director of the Illinois Housing Development Authority