MPC in Springfield: Affordable Housing Tax Credit passes in the House, on to the Senate - Metropolitan Planning Council

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MPC in Springfield: Affordable Housing Tax Credit passes in the House, on to the Senate

On Friday, the Illinois Affordable Housing Tax Credit renewal passed in the Illinois House of Representatives 98-9.  Set to expire at the end of 2011, this tax credit will help support employer-assisted housing programs across Illinois until 2016. With $2 million allocated for EAH programs, the Illinois Affordable Housing Tax Credit has leveraged up to $4 million in private investments. Renewing the tax credit further solidifies the commitment of the state and private sector to help our workforce live near work.

Keywords

affordable housing, employer-assisted housing, HB 6038, Housing, housing policy, legislation, legislative agenda, tax credit

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