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Senate passes affordable housing plan with incentives for developers SPRINGFIELD, Ill. – The Illinois Senate approved a significant proposal Sunday that could create new incentives to build affordable housing. This legislation could lead to a COVID-19 affordable housing grant program to supplement developments that qualify for federal tax credits. It also includes a reduction in assessed value for developers of new multi-family buildings that agree to set aside at least 20% of their units for low-income renters in areas with low affordability for 30 years. Sponsors also included an incentive for developers if property owners commit to having at least 15% of units for low-income renters for 10 years.

United statesMattie hunterd chicagoSara feigenholtzd chicagoIllinois senateMattie hunterSara feigenholtzAnn gillespieD arlington heightsஒன்றுபட்டது மாநிலங்களில்இல்லினாய்ஸ் செனட்மேட்டி வேட்டைக்காரன்ஆண்டு கில்லெஸ்பிட ஆர்லிங்டன் உயரங்கள்