Affordable Housing Development Expansion in Illinois
Sector: Residential • Location: Illinois, United States
Source: WJBD
Expansion of the federal Low-Income Housing Tax Credit could allow construction of tens of thousands more affordable housing units in Illinois. The latest domestic policy plan increases funding by 12% for the 9% Low-Income Housing Tax Credit and lowers the private activity bond funding threshold for the 4% credit, enabling more projects to qualify. This expansion is expected to facilitate the cons
- Status
- Prospective
- Sector
- Residential, Government
- Location
- Illinois, United States of America
- Updated
- 22 Jul 2026
- Source
- WJBD
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Sponsoring Agency |
Status
Original status | planned |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | Expansion of the federal Low-Income Housing Tax Credit could allow construction of tens of thousands more affordable housing units in Illinois. The latest domestic policy plan increases funding by 12% for the 9% Low-Income Housing Tax Credit and lowers the private activity bond funding threshold for the 4% credit, enabling more projects to qualify. This expansion is expected to facilitate the construction of 34,700 new affordable housing units in Illinois and generate about $2 billion in tax revenue for state and local governments. |
Original sector | Housing |
Location
Country | United States of America (USA) |
State | Illinois |
Source
Source | WJBD |
URL |
More Details
Record type | Project |
Sector | Residential, Government |
Article published date | 2025-09-16 |
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