Affordable housing needs get attention of lawmakers
A 2023 IHC report showed Illinois still has a deficit of low-income housing, despite the federal program.
Stay updated with breaking news from Build Illinois. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
A 2023 IHC report showed Illinois still has a deficit of low-income housing, despite the federal program.
Your source for news and information in West Central Illinois. WLDS/WEAI Radio in Jacksonville, Illinois.
Lawmakers are considering bills that would create a new tax credit for affordable housing, referred to as the “Build Illinois Homes Tax Credit.”
Would cost state $35 million annually for 10 years
Lawmakers are considering bills that would create a new tax credit for affordable housing, referred to as the Build Illinois Homes Tax Credit. The legislation, contained in the identical House Bill 2044 and Senate Bill 1737, would mirror a federal program -- administered by the Illinois Housing Development Authority and Chicago Department of Housing -- that helps finance affordable housing across Illinois.