Created in January 2022, the Preservation Program provides grants of up to $475,000 to affordable housing developments for property stabilization, rehabilitation and/or improvements
"The Low-Income Housing Tax Credit program is one of the best incentives the state of Illinois has to create affordable housing," said State Senator Robert Peters (D-Chicago).
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New law aims to expand affordable housing through $75 million investment, tax credits - Gov. JB Pritzker on Thursday signed a measure aimed at increasing affordable housing investment in Illinois, as well as a measure expanding the state’s low-income energy assistance program.