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.
The Interfaith Housing Development Corp. and the Bickerdike Redevelopment Corp. have apartment buildings that will focus on providing affordable housing to families in Chicago.
Cedar Glen Apartments received over $7M in state funding in 2019, report says wndu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wndu.com Daily Mail and Mail on Sunday newspapers.
The Low-Income Housing Tax Credit (LIHTC) is one of the few affordable housing programs with bipartisan support, because it both rewards private sector developers and produces housing for the low income.
Senate Appropriations Subcommittee Issues Testimony From Enterprise Community Partners President Donovan insurancenewsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancenewsnet.com Daily Mail and Mail on Sunday newspapers.