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This has led to IHDA's role as a principal provider of financing for multi-unit housing projects dedicated to Illinois senior citizens. [ 1 ] To this original core goal were added other missions centering on the facilitation of mortgages for Illinois single-family housing, including housing for households of higher than low-to-moderate income.
Statewide Housing Trust Funds are a significant source of financing for affordable housing nationwide, with 20% receiving more than $25 million per year in funding and some reaching more than $100 million. Currently, 47 of 50 states in the U.S. have at least one Housing Trust Fund.
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 boarded up homes are gone and the developer broke ground on the project Monday.
Since the early years of the 2000s, NLIHC was active in leading housing advocates in the creation of a federally funded housing trust fund. [8] The National Housing Trust Fund was passed as part of the Housing and Economic Recovery Act of 2008. In 2016, the trust fund started providing grants to states to increase the supply of rental housing ...
Hilton Head has taken another step toward addressing its affordable housing needs by becoming the third Lowcountry municipality to join a regional housing trust fund. ... “This is the first ...
He has also served as the Deputy Majority Leader for eighteen years. As a State Representative, Turner has promoted fair housing legislation. He spearheaded a trust fund to buy and renovate housing to make affordable units available to low-income families. The Fund averages about $18 million per year and helps families statewide.
National Equity Fund, Inc (NEF) is a national non-profit syndicator of Low Income Housing Tax Credits (LIHTC). Created in 1987 as an affiliate of the Local Initiatives Support Corporation (LISC) and headquartered in Chicago, NEF is one of the largest non-profit LIHTC syndicators in the United States of America.