The Coalition for Equitable Community Development (CECD), a local housing advocacy group, is working on a project to build affordable, independent housing for adults over 65 in Hyde Park.
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CHICAGO, IL - Chicago-based Habitat, a leading U.S. multifamily developer and property manager, today announced it has received $4.5 million in low-income housing tax credits (LIHTC) from the city of Chicago for major renovations to Riverside Village, located at 13215 S. Indiana Ave., a fully affordable housing community with 258 units across 39 buildings in the city’s Riverdale neighborhood.
The awarded tax credits will help Habitat refinance the existing debt on the property and fund.
Illinois cities and villages could reduce from months to just days the time it takes to issue permits for new residential and commercial construction. Phoenix saw housing units increase 10% in a decade by cutting costly delays.