State’s Investment of Federal Tax Credits to Create and Preserve More Affordable Housing

STATEWIDE – July 25, 2013 – (RealEstateRama) — Affordable housing for seniors, working families and people with disabilities is on the horizon for Illinois communities. As the state housing finance agency under Governor Pat Quinn, the Illinois Housing Development Authority (IHDA) Board recently approved the allocation of federal tax credits generating an estimated $62.2 million in private equity to create more than 620 new and refurbished affordable rental units and generate more than 930 jobs across Illinois.