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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 ...
The Chicago affiliate of national real estate firm Related Companies and a major affordable housing and mixed-use developer known for its expertise in preservation projects purchased Parkway Gardens in 2011. The company completed a significant renovation of the property in September 2013, preserving a site with historical significance and ...
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.
Non-profit housing developers build affordable housing for individuals under-served by the private market. The non-profit housing sector is composed of community development corporations (CDC) and national and regional non-profit housing organizations whose mission is to provide for the needy, the elderly, working households, and others that the private housing market does not adequately serve.
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 Normandin Group LLC proposed building a 48-unit rental apartment complex at 5 Adams St., off of Main St. in Westminster. The proposal has been submitted to the Executive Office of Housing and ...
1968: As part of the Housing and Urban Development Act of 1968, the Government mortgage-related agency, Federal National Mortgage Association (Fannie Mae) is converted from a federal government entity to a stand-alone government sponsored enterprise (GSE) which purchases and securitizes mortgages to facilitate liquidity in the primary mortgage market.
Among U.S. housing markets, Colorado markets have seen greater softening as a result of strained fundamentals. "In normal times, we'll have a 10% to 15% premium over resale [prices] in that ZIP ...