Report: Federal Housing Credit Expansion Could Increase Affordable Rental Units in Illinois

Federal housing credit expansion could increase affordable rental units in Illinois: report

Advocates say the federal expansion means Illinois should enact its own tax credit to allow development to increase further.

Federal housing credit expansion could increase affordable rental units in Illinois: report – Capitol News IL

It’s a lesser publicized inclusion in the One Big Beautiful Bill Act that cleared Congress with only Republican support, a bill more widely publicized for its cuts to Medicaid, food assistance and individual income taxes. According to the accounting firm Novogradac, increasing the tax credit and lowering bond financing requirements for housing projects could allow 34,700 new affordable housing units to be built in Illinois and generate about $2 …

Report: Federal housing credit expansion could increase affordable rental units in Illinois

SPRINGFIELD — Expansion of the federal Low-Income Housing Tax Credit could allow construction of tens of thousands more affordable housing units in Illinois.

More funding for affordable housing - Evanston Now

New federal law boosts low income housing tax credit money by 12%

Federal housing credit expansion could increase affordable rental units in Illinois: report - Mahomet Daily

by Ben Szalinski, Capitol News Illinois July 22, 2025 Article Summary The latest federal domestic policy plan increases funding for the Low-Income Tax Housing Credit by 12%. The expanded tax credit could allow construction of 34,700 new affordable housing units in Illinois, according one report. Supporters of the tax credit say Illinois should enact its own tax credit for housing developers to help increase the supply of affordable housing opt…