Illinois pushes for affordable housing tax credit

Advocates for the homeless say one thing is necessary to help people get off the street: affordable housing.

There’s a push in Illinois for a tax credit to incentivize people who build affordable homes. The credit would be modeled after the low-income housing tax credit administered federally. Developers would be able to exchange the credits with investors who choose to invest in the units. Under the proposal, credits would only be given after construction is finished and people can move in.

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