affordable housing

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

In addition to POAH and KMW, the development includes Neighborhood Housing Services (NHS) of Chicago, a long-standing Community Development Financing Institution focused on affordable homeownership. #housing

“These buildings look fantastic and represent the kind of investment I and my team work every day to bring to the city of Harvey,” Mayor Clark said. “Everyone deserves a great place to live, especially our fellow residents in their senior years. And this looks great.” #housing

Next Gen is an opportunity for emerging developers across Illinois to gain knowledge in the Low-Income Housing Tax Credit (LIHTC) industry by providing access to affordable housing development training and project-specific technical assistance. #housing

This incentive makes it easier for developers to keep affordable housing in working-class neighborhoods around Cook County, and to build new affordable housing where it’s most needed,” said Cook County Assessor Fritz Kaegi. #housing

The launch of the Next Gen initiative builds on several steps taken by IHDA to increase diversity among affordable housing developers participating in the state's LIHTC program. #affordablehousing