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1. www.wglt.org › illinois › 2021/07/29New Law Aims To Expand Affordable Housing Through $75 Million ...

   www.wglt.org › illinois › 2021/07/29

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   Jul 29, 2021 · House Bill 2621 aims to create incentives for building and maintaining affordable housing projects through investment of federal funds and tax credits. Pritzker signed the bill at the Hope Manor II affordable apartment complex in the Englewood neighborhood on the South Side of Chicago.

2. chicago.suntimes.com › 2021/4/20 › 22394397Here’s our bipartisan proposal for creating more affordable ...

   chicago.suntimes.com › 2021/4/20 › 22394397

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   Apr 20, 2021 · In House Bill 3123, we are proposing the Build Illinois Homes Tax Credit to build on the federal aid, providing that needed boost to private housing developers ready to go to work.

3. www.ihda.org › developers › tax-creditsLow Income Housing Tax Credit – IHDA

   www.ihda.org › developers › tax-credits

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   The Low Income Housing Tax Credit (LIHTC, Housing Credit) is a dollar-for-dollar federal tax credit for affordable housing investments. It was created under the Tax Reform Act of 1986 and gives incentives for the utilization of private equity in the development of affordable housing aimed at low-income Americans.

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4. illinoisanswers.org › 2023/04/05 › bill-for-newBuild Illinois Tax Credit to Help Generate 3,500 New ...

   illinoisanswers.org › 2023/04/05 › bill-for-new

   Apr 5, 2023 · Illinois’ unrelenting homelessness crisis and rising construction costs are adding momentum to a new state-backed tax credit that advocates say would help local governments generate as many as 3,500 new affordable homes across the state each year.

5. www.ihda.org › wp-content › uploadsILLINOIS AFFORDABLE HOUSING TAX CREDITS (IAHTC) - IHDA

   www.ihda.org › wp-content › uploads

   This document is a reference guide for compliance with the Illinois Affordable Housing Tax Credit (IAHTC) Program under Section 7.28 of the Illinois Housing Development Act (The Act) and Section 214 of the Illinois Income Tax Act, as amended, for projects allocated Tax Credits by Illinois Housing Development Authority (IHDA).

6. www.understandinghouston.org › topic › housingHousing Affordability & Ownership | Understanding Houston

   www.understandinghouston.org › topic › housing

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   Between 2010 and 2021, the number of subsidized housing units in the Houston three-county area increased by 900 units (or 7%), while the number of subsidized housing units nationally remained flat but increased by 5% in Texas. Low-Income Housing Tax Credits (LIHTCs) are among the most important sources to creating affordable housing. Created by ...

7. People also ask

   What is the Illinois affordable housing tax credit program?

   • VI. In 2001, the Governor of Illinois signed into law, the Illinois Affordable Housing Tax Credit Program. The Program is authorized and governed by the Illinois Housing Development Act and the Illinois Income Tax Act.

   ILLINOIS AFFORDABLE HOUSING TAX CREDITS (IAHTC) - IHDA

   www.ihda.org/wp-content/uploads/2021/08/IAHTC-Reference-Guide-2021.pdf

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   What is the Affordable Housing Program in Illinois?

   • The Program is authorized and governed by the Illinois Housing Development Act and the Illinois Income Tax Act. The purpose of this Program is to encourage private investment in affordable housing by providing donors to qualified non-profit affordable housing sponsors with a tax credit on their Illinois income tax, equal to 50% of the donation.

   ILLINOIS AFFORDABLE HOUSING TAX CREDITS (IAHTC) - IHDA

   www.ihda.org/wp-content/uploads/2021/08/IAHTC-Reference-Guide-2021.pdf

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   How will the affordable housing credit Improvement Act impact Illinois?

   • If passed by Congress, the Affordable Housing Credit Improvement Act will lead to nearly 2 million new affordable homes over the next decade and provide IHDA with additional tools to finance the creation of affordable housing across Illinois.

   Governor Pritzker Awards $26 million in Low- Income Housing ... - Illinois

   www2.illinois.gov/IISNews/26614-Governor_Pritzker_Awards_$26_million_in_Low-Income_Housing_Tax_Credits_for_Affordable_Housing.pdf

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   What is the low income housing tax credit (LIHTC)?

   • Hope Manor (Chicago) The Low Income Housing Tax Credit (LIHTC, Housing Credit)is a dollar-for-dollar federal tax credit for affordable housing investments. It was created under the Tax Reform Act of 1986 and gives incentives for the utilization of private equity in the development of affordable housing aimed at low-income Americans.

   Low Income Housing Tax Credit – IHDA

   www.ihda.org/developers/tax-credits/low-income-tax-credit/

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8. www2.illinois.gov › IISNews › 26614-GovernorGovernor Pritzker Awards $26 million in Low-Income ... - Illinois

   www2.illinois.gov › IISNews › 26614-Governor

   why we are dispersing $26 million through Low-Income Housing Tax Credits to build more units, reaching even more families up and down the state with a safe place to call home.” “Every person in Illinois deserves access to affordable housing, and that is why our state is