$29 MILLION IN TAX CREDITS FOR AFFORDABLE HOUSING AWARDED IN ILLINOIS

摘要

The Illinois Housing Development Authority (IHDA) Board has announced conditional awards totaling more than $29 million in federal Low-Income Housing Tax Credits (LIHTC) that will fund 24 affordable housing developments in 15 counties throughout Illinois. Once sold to investors, the tax credits will generate an estimated $253 million in private capital to finance the creation and/or preservation of 1,229 affordable units for low- to moderate-income families, seniors, veterans and persons with special needs.