5,000 Rental Homes Financed Through State in 2013

By: WIFR Newsroom
By: WIFR Newsroom

ILLINOIS (WIFR) -- The Illinois Housing Development Authority provided more than $471 million in financing for 5,000 affordable rental homes.

According to a press release, since Gov. Pat Quinn took office, the IHDA has provided $2.2 billion in financing to build or preserve more than 19,600 apartments in 131 communities.

Affordable housing financed through the state in 2013 is estimated to create 3,200 construction and post-construction jobs.

To qualify for the affordable units financed through the state, residents must earn at or below 60 percent of the area median income. A list of developments offering affordable rents is available at ihda.org or ilhousingsearch.org.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
23 WIFR 2523 North Meridian Road Rockford, IL. 61101 Business: 815-987-5300 Fax: 815-965-0981 News: 815-987-5330 Fax: 815-987-5333
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 237549231