Thirteen Illinois Developments Receive Tax Credits (HousingFinance)
HousingFinance
(7/2/2014 12:18 AM, Staff)
The Illinois Housing Development Authority (IHDA) has announced that it has approved almost $10 million in low-income housing tax credits (LIHTCs) in its first allocation round. Thirteen developments with nearly 700 affordable housing units will be built or preserved across the state.
The LIHTC allocations will generate an estimated $89 million in private equity and more than 1,400 jobs across the state, according to IHDA.
The developments receiving allocations, which include the renovation of a former nursing home and the replacement of foreclosed single-family properties into homes for working families.
PD&R Leadership Message Archive
International & Philanthropic Spotlight Archive
Spotlight on PD&R Data Archive
Publications
Collecting, Analyzing, and Publicizing Data on Housing Turnover
Resilience Planning: What Communities Can Do to Keep Hazards from Turning into Disasters
Cityscape: Volume 26, Number 3
Case Studies
Case Study: Former School in Charleston, South Carolina, Transformed into Affordable Housing for Seniors
Case Study: Avalon Villas Combines Affordable Housing and Services for Families in a Gentrifying Phoenix Neighborhood
The contents of this article are the views of the author(s) and do not necessarily reflect the views or policies of the U.S. Department of Housing and Urban Development or the U.S. Government.
Note: Guidance documents, except when based on statutory or regulatory authority or law, do not have the force and effect of law and are not meant to bind the public in any way. Guidance documents are intended only to provide clarity to the public regarding existing requirements under the law or agency policies.