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ILLINOIS (WCIA) — Governor JB Pritzker signed an executive order on Wednesday to help expand affordable housing for Illinoisians. The order will enlist agencies throughout the state to explore ...
The Illinois Student Assistance Commission (ISAC) is a quasi-public, ten-member panel with a permanent staff. It operates several key Illinois programs of higher education and tuition assistance, of which the largest is the Monetary Award Program (MAP) grant program for eligible Illinois college students. It was founded in 1957.
The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.
The Illinois Housing Development Authority (IHDA) is a quasi-independent State of Illinois agency that provides assistance, primarily but not exclusively through financing, for participants in the Illinois housing industry. [1]
Permanent, federally funded housing came into being in the United States as a part of Franklin Roosevelt's New Deal. Title II, Section 202 of the National Industrial Recovery Act, passed June 16, 1933, directed the Public Works Administration (PWA) to develop a program for the "construction, reconstruction, alteration, or repair under public regulation or control of low-cost housing and slum ...
In 2015, the Secretary of Housing and Urban Development criticized the Chicago Housing Authority for accumulating a cash reserve of $440 million at a time when more than a quarter million people were on the agency's waiting list for affordable housing, [30] and a large number of units (16%) remained vacant.
April 2003: For the sixth year in a row, the National Association of State Student Grant and Aid Programs ranked Georgia Number One among 50 states in academic-based student financial aid because of the HOPE Scholarship. January 2004: After meeting throughout the latter half of 2003, the HOPE Study Commission made its recommendations in January ...
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