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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 ...
Construction has begun on a 50-unit affordable senior housing project in Westminster. ... income and rent limits are recalculated by the state on an annual basis. Forty-seven units will be for ...
The monthly rent for the 12 affordable units will be between $1,713 and $2,023. Six of the 12 affordable units will be one-bedroom, one-bathroom units, and rent will cost $1,713.
The Authority continues to serve as the secondary financier for many developments and redevelopments of Illinois multifamily residential housing. [3] During the COVID-19 pandemic, IHDA became the State of Illinois agency of standing in the implementation of nationwide housing assistance for persons seeking emergency assistance with rental payments.
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.
Julia C. Lathrop Homes is a Chicago Housing Authority (CHA) public housing project located along the line between the Lincoln Park and North Center neighborhoods on the north side of Chicago, Illinois, United States. It is bordered by the neighborhoods of Bucktown and Roscoe Village.