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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 first program to spend money out of fund was approved, with another 8–1 vote, on March 22, 2021, was the "Local Reparations Restorative Housing Program" targeted for housing and economic development programs for Black Evanston residents and build the wealth of Black residents. [1] It was the first such government funded program in America ...
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.
Apr. 8—MANCHESTER — The "friendly 40B" affordable housing project helmed by Strategic Land Ventures is no longer "friendly." At a meeting Tuesday evening with selectmen, Strategic Land Venture ...
The U.S. Department of the Treasury reported on Monday, Nov. 29, that state and local governments offered rental assistance to more than 521,000 renters and landlords in October through the ...
The families either pay a monthly rent or may purchase the housing unit for an affordable price. [2] Site acquisition or improvement – In this type of activity, HOME funds purchase property that is later developed as affordable housing. This activity also covers the improvement and rehabilitation of current affordable housing. [2]
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 ...