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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 ...
Kamala Harris discussing the Rent Relief Act. The Rent Relief Act was a U.S. federal bill proposed by Kamala Harris in 2018 that would offer tax credits to renters who earn less than $100,000 and spend over 30 percent of their income on rent and utilities. [1] Kamala Harris stated that the bill "[bolster] the economic security of working ...
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.
While relief efforts have staved off some of the housing crisis, rent is still going to come due. The federal government has approved two rounds of rental assistance, worth more than $46 billion ...
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 ...
PEORIA – Peoria is among the 30 hottest housing markets in the U.S., according to 24/7 Wall St.. Rising interest rates and low inventory have slowed home sales through much of the U.S., but ...
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.
Construction has begun on a senior housing project in Westminster. Once completed, the town will have 50 affordable senior apartments behind the Community Senior Center at 69 West Main St ...