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.

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For more than 85 years, the Metropolitan Planning Council (MPC) has partnered with communities, businesses, and governments to unleash the greatness of the Chicago region. We believe that every neighborhood has promise, every community should be heard, and every person can thrive. To tackle the toughest urban planning and development challenges, we create collaborations that change perceptions, conversations—and the status quo. Read more about our work »

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