A proposed tax credit could create thousands of new affordable housing units per year, its proponents say.
Writing in The Real Deal, Ilya Hourie describes a proposed Illinois state law designed to create more affordable housing in the state, which faces a shortage of around 300,000 affordable housing units for extremely low-income renters. As Hourie explains, “The proposed ‘Build Illinois Homes Tax Credit’ would cost the state $35 million annually for 10 years, which advocates believe would help create 3,500 housing units per year, Capitol News reported.”
A report from the Illinois Housing Council claims that “Illinois has lost 13 percent of its low-rent units since 2011.” According to Hourie, “If the proposal is passed into law, developers constructing properties would be eligible for tax breaks themselves once the structures are finished and filled with tenants,” delaying any impact on the state’s budget until 2026.
In addition to the tax credit, “Governor J.B. Pritzker also suggested an affordable housing program called ‘Home Illinois’ during his Feb. 15 budget address. The plan calls for a $50 million increase in homelessness services, such as emergency shelter, short-term rental assistance and the development of permanent housing units, the outlet said.”
FULL STORY: Lawmakers make push for affordable housing
California Attorney General Wants to Get Serious About Housing
A bill sponsored by the AG’s office would give the state’s top attorney more power to intervene in lawsuits related to the state’s housing laws.
California Governor to Cities: Homelessness is a Crisis. “Act Like it.”
Days before facing reelection, Governor Newsom rejected every California locality’s plan for addressing homelessness, calling the proposals inadequate in fighting the massive crisis in a state where over 100,000 people are unhoused.
San Francisco Rezoning Makes Room for 34,000 Housing Units
To meet state-mandated housing goals, San Francisco plans to accommodate thousands of new housing units focused in the city’s west side, which has seen little growth for decades.
‘Forward Together’ Bus System Redesign Rolling Out in Portland
Portland is redesigning its bus system to respond to the changing patterns of the post-pandemic world—with twin goals of increasing ridership and improving equity.
Plan to Potentially Remove Downtown Milwaukee’s Interstate Faces Public Scrutiny
The public is weighing in on a suite of options for repairing, replacing, or removing Interstate 794 in downtown Milwaukee.
Can New York City Go Green Without Renewable Rikers?
New York City’s bold proposal to close the jail on Rikers Island and replace it with green infrastructure is in jeopardy. Will this compromise the city’s ambitious climate goals?
700-Acre Master-Planned Community Planned in Utah
A massive development plan is taking shape for lakefront property in Vineyard, Utah—on the site of a former U.S. Steel Geneva Works facility.
More Cities Ponder the End of Drive-Thrus
Drive-thru fast food restaurants might be a staple of American life, but several U.S. cities are actively considering prohibiting the development of new drive-thrus for the benefit of traffic safety, air quality, and congestion.
Air Pollution World’s Worst Public Health Threat, Report Says
Air pollution is more likely to take years life off the lifespan of the average human than any other external factor, according to a recent report out of the University of Chicago.
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