Housing advocates say the move represents one of the state’s most significant affordable housing investments in recent years and will help support the development and preservation of affordable homes across Illinois. #budget #affordablehousing #taxcredit
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
The funds, awarded to 30 housing counseling agencies across the state, aim to help residents build credit, understand the homebuying process, and maintain long-term financial stability. counseling
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
“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
Our latest legislative session has begun in Springfield and we soon will be busy debating and passing legislation that affects our district and state. #op-ed
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