Construction to Start on New Affordable Apartments for Kendall County Seniors

OSWEGO, IL – June 17, 2011 – (RealEstateRama) — Dozens of Kendall County seniors living on a limited budget will have new affordable housing opportunities in spring 2012. Construction is set to start on the 60-unit Diamond Senior Apartments of Oswego as a result of the investment of the Illinois Housing Development Authority (IHDA), the state’s housing finance agency. IHDA financed $1.6 million in federal housing tax credits on behalf of the administration of Governor Pat Quinn to build the apartments. The development also will provide a boost to the local economy by creating an estimated 114 quality jobs, including construction jobs


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