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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 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.
In Charlotte, 15,352 units were added last year, which is double the average number of units added per year between 2015 and 2019, Chuck McShane, CoStar’s director of market analytics, said.
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 ...
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 ...
Its Pandemic Guide has been a resource for real estate managers globally. [6] It was founded in Chicago in 1933. [7] As of April 2020, the Institute of Real Estate Management membership included almost 20,000 individual members and 1,108 corporate members consisting of both AMO headquarter and AMO branch firms.
A former Charlotte hotel has been converted into an affordable apartment complex and a phased move-in for 88 individuals is underway, the nonprofit Roof Above said Wednesday.. SECU The Rise on ...