A proposal to pool a subset of the region's Housing Choice Vouchers and offer a competitive edge to developers producing housing for eligible families
In an innovative effort to spur mixed-income housing development which meets the Housing Endorsement Criteria , three regional housing authorities (Chicago, Cook and Lake) are working together with the Illinois Housing Development Authority and the Metropolitan Planning Council to attach a new pool of housing subsidies to the next tax credit round.
The goal of this new resource is to provide an incentive to developers to address two of the key findings of the Regional Rental Market Analysis: (1) the shortage of quality mixed-income rental housing near jobs and transit throught the region, and (2) the scarcity of decent housing affordable to households earning less than 30 percent of the area median income.
For more information, contact Robin Snyderman.