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
Buildings that do not have air conditioning are required to provide an air-conditioned common room where residents can go to cool off in a heat wave. #airconditioning
"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).
#affordablehousing