
Lake County channels millions toward expanding housing options; ‘It's a major way for us to continue our goals'
The applicant list included organizations such as PADS Lake County, Community Partners for Affordable Housing and the Lake County Housing Authority. While not new, the funding highlights an ongoing challenge for the county — housing.
'This is the largest grant that we get for funding,' board member Paras Parekh said. 'It's a major way for us to continue our goals around affordable housing, the at-risk homeless population, lower- to middle-income individuals, and those organizations that support those types of folks.'
The board also approved nearly $500,000 in funding from the U.S. Department of Housing and Urban Development Continuum of Care Housing Program grant, which will go to rental assistance for individuals and families experiencing homelessness.
While this year is set, the recent passing of the federal spending and tax bill, known colloquially as the 'big beautiful bill,' has thrown some uncertainty into future housing-related funding, Parekh said, although he didn't say there will be definite cuts.
'There's a lot more open-endedness to this than we've had in the past,' he said.
As part of affordable housing efforts, he said the county will hold the first meeting of the new Attainable Housing Task Force, which will take a bigger picture look at the challenges facing the county, and how to collectively address them.
It's a perspective that is sorely needed, Parekh said, with the rules varying from municipality to municipality.
'Affordable housing, in theory, everyone desires,' he said. 'But then, in practice, you need to have the right mechanisms to attract it and the zoning to allow it.'
It's also a move that reflects comments made by Amanda Orenchuk, director of community development for Mundelein. Previously, she had talked about wanting the county to take a 'broader, regional look' at a housing plan to help address housing concerns.
'I'll be trying to fight for the same resources and the same developers and those things,' Orenchuk said. 'There are other places … where there's an organization that has multiple jurisdictions that are all together as an economic development force.'
Lake County's housing challenges are laid out in a 2023 report by Lake County Partners, which found the county is facing a shortage and lack of diversity in housing stock. These shortages, along with a declining working-age population, present economic challenges for Lake County's future.
The report said barriers to affordable housing include overly restrictive zoning too focused on large-lot single-family housing, as well as high land and construction costs. Lake County is also seeing housing prices rise beyond the pace of income, the report said, with almost a quarter of households earning less than $50,000 a year.
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Yahoo
23-07-2025
- Yahoo
Infosys: Industry-leading Sequential Growth of 2.6% in CC, Driven by Differentiated Value Proposition in Enterprise AI
- Large Deal Wins at $3.8 Billion with 55% Net New; Demonstrating Deep Competitive Advantage in Consolidation Play- FY26 Revenue Guidance Revised to 1%-3% and Margin Guidance Retained at 20%-22% BENGALURU, India, July 23, 2025 /CNW/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, delivered $4,941 million in Q1 revenues, year-on-year growth of 3.8% and sequential growth of 2.6% in constant currency. Operating margin was at 20.8%. Free cash flow generation was strong at $884 million, 109.3% of net profit. TCV of large deal wins was $3.8 billion, with 55% net new. ROE improved by 140 bps to 30.4%. "Our performance in Q1 demonstrates the strength of our enterprise AI capabilities, the success in client consolidation decisions, and the dedication of our over 300,000 employees," said Salil Parekh, CEO and MD. "Our large deal wins of $3.8 billion reflect our distinct competitive positioning and deep client relationships," he added. 2.6% QoQ3.8% YoY CC Growth 20.8% Operating Margin 8.6% YoYEPS Increase (₹ terms) $3.8 Bn Large Deal TCV(55% Net New) $884 Mn Free Cash Flow Guidance for FY26: Revenue growth of 1%-3% in constant currency Operating margin of 20%-22% Key highlights: For the quarter ended June 30, 2025 Revenues in CC terms grew by 3.8% YoY and by 2.6% QoQ Reported revenues at $4,941 million, growth of 4.8% YoY Operating margin at 20.8%, decline of 0.3% YoY and decline of 0.2% QoQ Basic EPS at $0.20, increase of 5.8% YoY FCF at $884 million, decline of 19.2% YoY; FCF conversion at 109.3% of net profit "Q1 performance is a clear reflection of our unwavering focus on multiple fronts resulting in strong growth at 2.6% QoQ, resilient margins at 20.8% and EPS increase of 8.6% YoY. We continue to leverage Project Maximus to make investments in strategic priorities to drive profitable growth and enhance shareholder value," said Jayesh Sanghrajka, CFO. "Cash flow conversion was well above 100% for the fifth consecutive quarter. The impact of currency volatility was effectively managed through our proactive hedging strategy," he added. Client wins & Testimonials Infosys announced the extension of its strategic collaboration with Select Portfolio Servicing, Inc. (SPS) to help drive greater operational efficiency and service quality through a fully managed services offering encompassing hybrid cloud solutions, application portfolio, IT operations, IaaS, SaaS, security operations and quality assurance. Murali Palanganatham, Chief Information Officer, SPS, said, "Infosys has been a key strategic partner over the last 20 years. SPS will leverage Infosys Topaz for AI adoption across the business, technology, and enterprise functions to continuously enhance availability, scalability, performance, resiliency, security, and stability. This collaboration is critical and will help SPS enhance flexibility, efficiency, and predictability of our technology ecosystem." Infosys extended its strategic collaboration with AIB to accelerate its digital transformation initiatives. Graham Fagan, Group Chief Technology Officer, AIB, said, "This extended collaboration with Infosys aligns strongly with our vision to progressively modernise our technology and data capabilities to deliver the best outcomes for our customers and further accelerate our transformation. By combining our collective expertise and experience, we will deliver on our customer-first commitment and enhance operational efficiency and resilience. Infosys has been a trusted innovation partner, and we are excited about this next chapter in our collaboration as we work together to ensure AIB remains at the forefront of digital transformation in the Irish banking industry." Infosys announced a strategic collaboration with to enable AI-powered digital workplace transformation across Europe. Dr. Victoria Ossadnik, COO Digital and Innovation, said, "At we are playmakers for new energy. Digitalization and digital technology are key for reliable, affordable and sustainable energy systems. Our strategic partnership with Infosys is essential for our digital transformation and operation - together, we are paving the way for a smarter, more efficient energy future." Infosys announced the expansion of its strategic collaboration with DNB Bank ASA (DNB) to accelerate the bank's digital transformation. Elin Sandnes, COO and Group Executive Vice President Technology & Services, DNB, said, "At DNB, we are focused on leveraging technology to create great customer experiences. As part of this, we are constantly developing new products and services while simultaneously driving a digital transformation agenda that is deeply rooted across all our operations. With our extended collaboration with Infosys, we are modernizing our IT infrastructure and leveraging advanced technologies like AI and ML to enable seamless, personalized, and agile services to our customers. This partnership allows us to proactively address our customers' evolving needs and ensure they receive the best possible banking experience from DNB." Infosys announced a strategic collaboration with Yorkshire Building Society, one of the largest member-owned financial institutions in the UK, to accelerate its digital transformation. Patrick Connolly, Director of Change Delivery, Yorkshire Building Society, said, "This collaboration is crucial to achieving our 2030 ambitions and realising the true potential of this organisation. The choices we make now will shape our future, and we are committed to combining the convenience of digital with the warmth of human interaction. This transformation will empower our members and colleagues with the tools and services needed to deliver great customer outcomes, including major investments such as faster payments and enhanced security. It's a key part of our plan for continued growth, innovation, and efficiency, ensuring we continue to serve our members for generations to come." Infosys and Spark New Zealand announced a strategic agreement to support the transformation of Spark's technology delivery model through digital innovation. Matt Bain, Data and Marketing Director, Spark, said, "Infosys has collaborated with Spark for over 16 years, working alongside our local teams to support the applications that enable Spark to deliver new products and digital experiences for our customers. We are now building on this relationship to allow our teams to focus on our technology strategy and the product roadmaps that will grow our competitive advantage, while leveraging Infosys' global scale to execute these plans quickly and efficiently and accessing Infosys' investment in AI and innovation to enable us to keep delivering great experiences for our customers." Infosys collaborated with Perfection Fresh to enable seamless tracking of their sustainability efforts. Francesco Oliveri, Chief Information Officer, Perfection Fresh Australia, said, "Our Partnership with Infosys to implement Microsoft Sustainability Manager has helped us in providing real-time visibility of produce across all locations thereby improving operational efficiency, audit transparency and reducing wastage. Originally planned for just 4 sites, the rollout extended to all 17 locations thanks to Infosys' expertise and collaboration. It was also their vision and commitment to sustainability that matched our vision that allowed us to be more comfortable in working with Infosys. The partnership has been instrumental in driving key milestones for Perfection Fresh's sustainability roadmap." Infosys Finacle announced a strategic collaboration with Bank of Sydney (BoS) to power its digital transformation with Infosys Finacle Digital Banking Suite. Melos Sulicich, Chief Executive Officer, Bank of Sydney, said, "At Bank of Sydney, our strategic goal is to become the leading deposit bank in Australia and to drive significant business growth in the coming years. This requires adapting to rapidly changing customer needs, digital advancements, and regulatory requirements. Transforming our technology stack, centered around our core and digital banking platform, is crucial to meeting these objectives. With Infosys Finacle, we have a proven transformation partner and a next-generation banking platform to address the evolving needs of our business, customers, and regulatory ecosystem." Infosys BPM announced the launch of AI agents for invoice processing within its flagship Infosys Accounts Payable on Cloud solution. Harsh Bansal, Chief Financial Officer and Chief Growth Officer, Americana Restaurants, said, "At Americana Restaurants, we are committed to leading digital transformation, and as we scale our operations, intelligent automation is key to achieving greater efficiency and agility. With AI-powered Infosys Accounts Payable on Cloud, we have made invoice processing faster, enhanced accuracy, and improved efficiency. The addition of Agentic AI takes this a step further, reducing manual dependencies and bringing more intelligence and autonomy into our invoice processing. We are delighted that we have pioneered this initiative with Infosys and look forward to closely working with Infosys BPM to lead us collectively into a future of smarter and more agile operations." Infosys announced a three-year strategic collaboration with the Lawn Tennis Association (LTA) to deliver a range of AI-powered innovations, including match insights and immersive fan experiences. Chris Pollard, Managing Director, Commercial & Operations, LTA, said, "We are incredibly excited to witness the historic moment of the HSBC Championships at Queen's Club hosting both WTA and ATP 500 events for the very first time. This milestone marks a significant step in the growth and evolution of this prestigious tournament. We are thrilled to collaborate with Infosys, whose support will be instrumental in delivering an enhanced fan experience. Infosys' AI and technology innovations will bring a new level of engagement with real-time insights and interactive moments, creating memorable experiences for our fans and contribute to the continued success of the HSBC Championships." Infosys and Economist Impact announced the launch of The Sustainability Atlas to help businesses navigate a sustainable future. Jonathan Birdwell, Global Head of Policy & Insights, Economist Impact, said, "Over the past decade, Economist Impact has built dozens of indices and published hundreds of reports across a wide range of sustainability topics from food security to plastics management, to climate resilience. But never before have we been able to bring all of that data and insights together in one place. Leveraging Infosys' generative AI capabilities, The Sustainability Atlas provides easily accessible and actionable insights to policy makers and business leaders worldwide." Recognitions & Awards Brand & Corporate Recognized as a Top 100 most valuable brand in the world by Kantar BrandZ and ranked among the most-trusted brands in India and the US Recognized as one of the top 3 companies (on combined basis) in 5 categories – Best CEO, Best IR Professional, Best IR Program, Best IR Team and Best ESG Program – at the 2025 Asia Executive Team Survey by Extel (formerly Institutional Investor Research) Recognized as a Great Place to Work 2025-2026 in India and China Infosys BPM won at the Diversity Charter Awards 2025 in the 'Employer Supporting Women in the Workplace' category for its HR initiative, namely 'Empower with Care' Infosys BPM won the PeopleFirst HR Excellence Awards 2025 for 'Leading Practices' in Learning & Development Digital, AI and Cloud Services Positioned as a leader in the Everest Group: Microsoft Modern Work Services PEAK Matrix® Assessment 2025 Positioned as a leader in the Everest Group: Marketing Services PEAK Matrix® Assessment 2025 Positioned as a leader in the Everest Group: Talent Readiness for Next-generation Application Services PEAK Matrix® Assessment 2025 Recognized as a leader in HFS Horizons: The Best of Engineering Research and Development Service Providers, 2025 Recognized as a leader in the Constellation Research: Constellation ShortList™ Cross-Platform Agentic AI Recognized as a leader in Datos: The New Era of Check Fraud Detection: A Guide to Market Solutions Infosys BPM recognized as a Leader in ISG Provider Lens™ Global Capability Center (GCC) Services 2025 Study Infosys BPM recognized as a Leader in ISG Provider Lens™ Procurement Services 2025 Study Received the Customer Innovation Award from Databricks for delivering impactful solutions across industries Received Global System Integrator of the Year-EMEA award at Stibo's PATH Summit 2025 Industry & Solutions Positioned as a leader in the Everest Group: Life Sciences Digital Services PEAK Matrix® Assessment 2025 Positioned as a leader in the Everest Group: Life Sciences Enterprise Platform Services PEAK Matrix® Assessment 2025 Positioned as a leader in the Everest Group: Retail Services PEAK Matrix® Assessment 2025 Recognized as a leader in HFS Horizons: Energy and Utilities Service Providers, 2025 Recognized as a leader in HFS Horizons: Intelligent Retail and CPG Ecosystems, 2025 Recognized as a leader in HFS Horizons: Insurance Services, 2025 Infosys Finacle recognized as a Market Leader in the Datos Matrix: Virtual Account Management Providers 2025 report. Infosys Finacle won two awards at IBS Intelligence Digital Banking Awards 2025: 'Regional Winners | Middle East – Zand Bank & Infosys Finacle' and 'Segment Winner | Corporate Banking - Zand Bank & Infosys Finacle' Infosys Finacle won two awards at the MEA Finance Banking Technology Awards 2025: 'Best Composable Banking Solutions Provider of the Year' and 'Best Corporate Banking Solutions Provider' Infosys Finacle won four awards at Finnovex North Africa – Egypt 2025: 'Excellence in Banking Platform Modernization with ALEXBANK Egypt', 'Excellence in Seamless Banking Experiences with Export Development Bank of Egypt', 'Excellence in Core Banking Transformation with Agricultural Bank of Egypt' and 'Excellence in Composable Banking Platform Read more about our Awards & Recognitions here. About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 320,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in 59 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace. Visit to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next. Safe Harbor Certain statements in this release concerning our future growth prospects, our future financial or operating performance, and the McCamish cybersecurity incident are forward looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid working model, economic uncertainties and geo-political situations, technological disruptions and innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, the outcome of pending litigation, the amount of any additional costs resulting directly or indirectly from the McCamish cybersecurity incident, and the outcome of the government investigation. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2025. These filings are available at Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law. Infosys Limited and subsidiariesExtracted from the Condensed Consolidated Balance Sheet under IFRS as at: (Dollars in millions)June 30, 2025 March 31, 2025 ASSETS Current assets Cash and cash equivalents 3,202 2,861 Current investments 887 1,460 Trade receivables 3,780 3,645 Unbilled revenue 1,588 1,503 Other current assets 1,787 1,890 Total current assets 11,244 11,359 Non-current assets Property, plant and equipment and Right-of-use assets 2,223 2,235 Goodwill and other Intangible assets 1,666 1,505 Non-current investments 1,241 1,294 Unbilled revenue 262 261 Other non-current assets 811 765 Total non-current assets 6,203 6,060 Total assets 17,447 17,419 LIABILITIES AND EQUITY Current liabilities Trade payables 422 487 Unearned revenue 994 994 Employee benefit obligations 385 340 Other current liabilities and provisions 3,353 3,191 Total current liabilities 5,154 5,012 Non-current liabilities Lease liabilities 693 675 Other non-current liabilities 480 477 Total non-current liabilities 1,173 1,152 Total liabilities 6,327 6,164 Total equity attributable to equity holders of the company 11,069 11,205 Non-controlling interests 51 50 Total equity 11,120 11,255 Total liabilities and equity 17,447 17,419 Extracted from the Condensed Consolidated statement of Comprehensive Income under IFRS for:(Dollars in millions except per equity share data)3 months ended June 30, 2025 3 months ended June 30, 2024 Revenues 4,941 4,714 Cost of sales 3,416 3,259 Gross profit 1,525 1,455 Operating expenses: Selling and marketing expenses 258 232 Administrative expenses 239 229 Total operating expenses 497 461 Operating profit 1,028 994 Other income, net (3) 110 88 Profit before income taxes 1,138 1,082 Income tax expense 329 318 Net profit (before non-controlling interest) 809 764 Net profit (after non-controlling interest) 809 763 Basic EPS ($) 0.20 0.18 Diluted EPS ($) 0.19 0.18 NOTES: The above information is extracted from the audited condensed consolidated Balance sheet and Statement of Comprehensive Income for the quarter ended June 30, 2025, which have been taken on record at the Board meeting held on July 23, 2025. A Fact Sheet providing the operating metrics of the Company can be downloaded from Other income is net of Finance Cost. IFRS-INR Press Release: Fact sheet: Logo: View original content: SOURCE Infosys View original content:


CNBC
14-07-2025
- CNBC
Recruiter: I interviewed serial moonlighter Soham Parekh — here are my top 3 takeaways
When one recruiter received Silicon Valley's notorious serial moonlighter Soham Parekh's job application two years ago, he was immediately impressed. This was two years before the young Mumbai-based engineer was exposed for working remotely at several Silicon Valley startups simultaneously. "I was looking at his resume, and his resume was so good that even my CEO at the time pinged me and was, like, 'Russ, this guy looks awesome. let's talk to this guy,'" Russell Pompea, recruiting manager at AI video startup Topaz Labs, told CNBC Make It. Pompea said Parekh sent his application via the company's career page for a software engineering position on June 2, 2023, and that he decided to interview the young engineer over a phone call on June 12. CNBC Make It verified Parekh's interview with Topaz Labs via screenshots. At the time, Parekh listed AI-video startup Synthesia, as well as a lesser-known AI company, as previous employers on his resume. Pompea said this combination of companies made him a really attractive candidate, so interviewing him was a no-brainer. "I remember him being a very good communicator," Pompea recalled from the initial screening. "That was one of my first notes: 'Soham is a great communicator.' I've talked to 1,000 software engineers or something over the last year, and they're not usually very good at communicating." However, during the interview, Pompea picked up on a few red flags that ultimately stopped him from progressing Parekh to the next round. "I think he learned some lessons from this interview, " Pompea said. In an interview on tech show TBPN on Thursday, Parekh admitted that it was true he was working for multiple startups at once and wasn't proud of what he had done. "No one really likes to work 140 hours a week, but I had to do this out of necessity," Parekh said in the show. "I was in extremely dire financial circumstances." Topaz Labs did not verify whether Parekh worked at the firms mentioned on his resume at the time as he did not progress to this stage of the screening process. When Pompea tried to dig into the details of Parekh's experience in the interview, he identified what he thought were "three major problems" with his responses. "It looked like an amazing profile, even if it was someone who was relatively junior, but then he was missing a fair bit of actual details in the products that he built," Pompea said. When he pressed him about his work for Synthesia, Parekh was vague. "People usually have great command of the details," Pompea noted. Pompea also spotted that the dates between Parekh's experience at Synthesia and overlapped, and he wasn't able to come up with an adequate explanation for why. "He told me that he was working at both full-time and that there was an overlap in his notice period ... I wrote it down, like, this is a big red flag," Pompea said. Parekh's decision to leave Synthesia also didn't make sense to Pompea. The engineer claimed the company was growing too fast and he felt "pigeon-holed," according to Pompea's recollection. "I asked him, 'Did you try going to another team or another function?' And he just totally skirted the question ... you don't usually just leave a top-tier, super high-paying company because you're frustrated. You try to find another job [in the company] first." Topaz Labs requires employees to work on-site at its headquarters in Dallas, Texas. Parekh glossed over details about whether he was going to move to Dallas and said he was in New York at the time, according to Pompea. In early July, two years after Pompea interviewed Parekh, Suhail Doshi, the founder of Playground AI, took to X to warn other startups about the moonlighting engineer who he said is "preying on YC [Y Combinator] companies and more." Several startup founders then came forward about hiring Parekh, saying they fired him after seeing Doshi's post. Parekh said he started moonlighting in this way in 2022, and the grueling lifestyle meant he became a "serial non-sleeper." He added that he "cared about these companies" and "greed wasn't an incentive," despite his financial situation. He said he always took the lower pay, higher equity offer at companies. For Pompea, it was a relief that Topaz Labs did not hire Parekh. "I think I was glad that we were not one of those companies that came out and said that we hired him and had to fire him. I would much rather be somebody who saw through it," he said. "That being said, I actually feel a little bad for a lot of these companies, because these are people working in good faith." Pompea said people like Parekh make the job of a recruiter harder — but also emphasize the importance of vigorous screening. As a hiring manager, Pompea said soft skills like teamwork and collaboration are just as crucial as technical skills — and sometimes fast-moving startups overlook these human qualities. "What I've discovered [while] hiring for Topaz labs for two and a half years, but also lots of other similar companies, is that you almost never have to fire anybody because they can't learn a new software language, or they can't learn a new framework, or if there's some sort of technical problem," he explained. "The people that do end up getting fired have attitude problems, commitment problems, or work rate problems." He said that many of the AI startups that Parekh applied to work at are "moving at 1,000 miles per hour," and need to get products ready for launch within days. As a result, they may delay background checks until after the candidate is hired. "Some of these startups might hire you two days after you do your final interview, and they're like 'Hey, it's Thursday. Can you start Monday?'" Ultimately, Pompea said that if Parekh cleaned up his act, then he'd have a bright future ahead of him. In fact, a number of startups that employed the engineer praised his technical skills, even amid the backlash against him. "I also feel bad for the kid, too, like he's a very smart kid. I hope that he changes and ends up having a good career," Pompea added. Soham Parekh didn't respond to CNBC Make It's request for comment.


Chicago Tribune
08-07-2025
- Chicago Tribune
Lake County channels millions toward expanding housing options; ‘It's a major way for us to continue our goals'
The Lake County Board approved nearly $5 million in funding recommendations for 2025, channeling millions in federal grant dollars into housing-related programs and organizations. The applicant list included organizations such as PADS Lake County, Community Partners for Affordable Housing and the Lake County Housing Authority. While not new, the funding highlights an ongoing challenge for the county — housing. 'This is the largest grant that we get for funding,' board member Paras Parekh said. 'It's a major way for us to continue our goals around affordable housing, the at-risk homeless population, lower- to middle-income individuals, and those organizations that support those types of folks.' The board also approved nearly $500,000 in funding from the U.S. Department of Housing and Urban Development Continuum of Care Housing Program grant, which will go to rental assistance for individuals and families experiencing homelessness. While this year is set, the recent passing of the federal spending and tax bill, known colloquially as the 'big beautiful bill,' has thrown some uncertainty into future housing-related funding, Parekh said, although he didn't say there will be definite cuts. 'There's a lot more open-endedness to this than we've had in the past,' he said. As part of affordable housing efforts, he said the county will hold the first meeting of the new Attainable Housing Task Force, which will take a bigger picture look at the challenges facing the county, and how to collectively address them. It's a perspective that is sorely needed, Parekh said, with the rules varying from municipality to municipality. 'Affordable housing, in theory, everyone desires,' he said. 'But then, in practice, you need to have the right mechanisms to attract it and the zoning to allow it.' It's also a move that reflects comments made by Amanda Orenchuk, director of community development for Mundelein. Previously, she had talked about wanting the county to take a 'broader, regional look' at a housing plan to help address housing concerns. 'I'll be trying to fight for the same resources and the same developers and those things,' Orenchuk said. 'There are other places … where there's an organization that has multiple jurisdictions that are all together as an economic development force.' Lake County's housing challenges are laid out in a 2023 report by Lake County Partners, which found the county is facing a shortage and lack of diversity in housing stock. These shortages, along with a declining working-age population, present economic challenges for Lake County's future. The report said barriers to affordable housing include overly restrictive zoning too focused on large-lot single-family housing, as well as high land and construction costs. Lake County is also seeing housing prices rise beyond the pace of income, the report said, with almost a quarter of households earning less than $50,000 a year.