Bill for New State-Backed Tax Credit Could Yield Thousands More Affordable Units per Year

Illinois’ unrelenting homelessness crisis and rising construction costs are adding momentum to a new state-backed tax credit that advocates say would help local governments generate as many as 3,500 new affordable homes across the state each year. But with a potential recession looming and federal aid about to dry up, advocates must convince skeptics that the $35 million-per-year program will be worth the cost to taxpayers.

Read article at Illinois Answers Project here.