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REAL ESTATE
4 Illinois Cities Ranked In America’s “Safest And Richest” Places To Live List
We all know some towns are just better to be in than others. It's always fun to go to the towns and neighborhoods that are very safe and loaded. These are the places that can do hayrides through the street on Halloween and the houses hand out full-size candy bars.
Illinois Facilities Fund backs Michigan affordable housing projects
The Illinois Facilities Fund and Kent County, Michigan, have announced $9.9 million in loans for three community-based affordable housing development projects. The public-private partnership with the Chicago-based community development financial institution will support projects addressing housing affordability for people in what is described as the “missing middle” of public policy—those earning between 80 and 120 percent of area median income (AMI). A $3.7 million loan to Magnus Capital will bolster an $84 million project in Wyoming, Michigan, to construct 257 rental units, of which 208 are designated as affordable. A $4 million loan to ICCF Community Homes will help complete a $14.1 million project in Grand Rapids, Michigan, to develop 27 affordable condominium units, with half targeted to those earning below 80 percent of AMI. And a $2.2 million loan to Linc UP will back an $18.2 million project to develop 54 one-bedroom apartments for residents ages 55 and older with incomes between 30 percent and 60 percent of AMI.
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