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Windsor Seeking Funds From Morgan County for Tendick Street Permanent Supportive Housing Development

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Illinois Development Provides Housing for Adults with Disabilities

Illinois Development Provides Housing for Adults with Disabilities
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New law creates financing programs to create affordable housing in Illinois

New law creates financing programs to create affordable housing in Illinois
Kevin Bessler, The Center Square
July 30, 2021
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Illinois Gov. J.B. PritzkerThe Center Square
A new law will create financing programs and tax incentives to support the creation of affordable housing across Illinois.
The program will supplement affordable housing developments that qualify for federal tax credits. Funds will be made available through $75 million federal dollars from the American Rescue Plan Act. Officials expect it will fund the development and preservation of up to 3,500 rental homes and apartments by the end of 2024.
“Everyone deserves a safe, stable, and affordable place to live, and this bill (HB2621) will help us bring housing investment and opportunity to the communities where are need the most,” Illinois Housing Development Authority Deputy Executive Director Karen Davis said. ....

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New law creates financing programs to create affordable housing in Illinois

Normal, IL, USA / www.cities929.com
Jul 29, 2021 | 4:34 PM
(The Center Square) – A new law will create financing programs and tax incentives to support the creation of affordable housing across Illinois.
The program will supplement affordable housing developments that qualify for federal tax credits. Funds will be made available through $75 million federal dollars from the American Rescue Plan Act. Officials expect it will fund the development and preservation of up to 3,500 rental homes and apartments by the end of 2024.
“Everyone deserves a safe, stable, and affordable place to live, and this bill (HB2621) will help us bring housing investment and opportunity to the communities where are need the most,” Illinois Housing Development Authority Deputy Executive Director Karen Davis said. ....

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Gov. Pritzker signs new legislation expanding affordable housing

Gov. Pritzker signs new legislation expanding affordable housing
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FILE - a for rent sign stands in front of a home
On Thursday, Gov. JB Pritzker signed House Bill 2621 into law, creating new financing programs and tax incentives to support the creation and preservation of affordable housing in communities across Illinois.
The legislation includes several provisions aimed at reducing the shortage of affordable housing and builds on efforts to support housing stability in areas disproportionately affected by COVID-19. The bill passed both the House and Senate with unanimous bipartisan support.
Pritzker also signed Senate Bill 0265 into law, prioritizing access to the state s Low-Income Heating and Energy Assistance Program (LIHEAP) for families with young children and expanding access to undocumented residents. ....

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