affordable housing

State officials said the program is designed to help communities re vitalize distressed neighborhoods, create new housing opportunities, and spur local economic growth. #chicago #housing #vacantlots

The bill expands affordable housing and reentry services for people leaving Illinois prisons, aiming to improve long-term outcomes by reducing homelessness and recidivism. #bill #housing #prison

Housing advocates say a mix of rising construction costs, elevated interest rates and limited public funding has made it increasingly difficult to complete affordable housing developments—even when federal assistance is available. #housing #tax #

Illinois housing affordability efforts pit tax cuts against new spending (via The Center Square) – As homeownership may be growing out of reach for...

The plan also includes new financial tools, such as expanded down payment assistance programs for first-time homebuyers, along with additional support for affordable and middle-income housing construction. #housing #proposal #costs

With construction in the area now substantially complete, CTA officials said the agency is honoring a commitment made to the community to return the land to productive use. #developemt #cta #proposals

The initiative, known as Next Gen, offers both for-profit and nonprofit developers specialized training in the Low-Income Housing Tax Credit (LIHTC) program — a key federal tool used to finance affordable housing projects. #housing

The ordinance, championed by 44th Ward Alderman Bennett Lawson, expands the use of ADUs—also known as coach houses, basement apartments, and granny flats—beyond pilot zones and makes them legal in every neighborhood. #housing

“This development doesn’t just provide quality housing. It restores hope, stability, and opportunity to families while transforming once-abandoned property into a cornerstone of community pride.” #development

The latest domestic policy plan signed by President Donald Trump on July 4 will increase available funding by 12% for a key tax credit used by developers to offset a portion of construction costs. #housing