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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.
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.
A developer of two new 42-unit apartment buildings requests an extension with the city of Des Moines after planning a 2023 completion date.
The nonprofit company served 12 communities of independent living, assisted living and long-term health services for seniors across Illinois, Indiana, Iowa and Missouri.
The new development plans for 142 affordable housing units, from one to five bedrooms. [21] Units will be completed in rolling sets of 50. [21] Instead of the barracks-style of Taft Homes, Providence Pointe will include townhouses and modern single-level houses. [18] [22] Rent is based on income and family size, capped at 30% of adjusted gross ...
LA's Emergency Renters Assistance Program has been amended to supply 100% of tenants' unpaid rent for April 1, 2020, through March 31, 2021 (up from 80% for people whose landlord agreed to waive ...