Governor Pritzker Announces Tax Credits For Affordable Housing

Illinois Governor Pritzker has announced almost $26 million in tax credits for affordable housing...

Photo byThe White House

Governor Pritzker and the Illinois Housing Development Authority (IHDA) Board have announced tax credits totaling almost $26 million in tax credits to construct affordable housing across Illinois.

"Here in the Land of Lincoln, housing isn't a privilege—it's a right. And my administration is committed to making sure that every Illinoisan has access to affordable housing, so they can build better lives for themselves and their families," said Governor JB Pritzker. "That's why we are dispersing $26 million through Low-Income Housing Tax Credits to build more units, reaching even more families up and down the state with a safe place to call home."

"Every person in Illinois deserves access to affordable housing, and that is why our state is committed to improving housing opportunities for our vulnerable communities," said Lt. Gov. Juliana Stratton. "I applaud Governor Pritzker and the Illinois Housing Department Authority's efforts to strengthen the Low-Income Housing Tax Credit, which will help uplift our communities and prevent the trauma of homelessness across our state."

"All Illinoisans have a right to a safe, decent and affordable place to live and call home and IHDA will continue to utilize every tool at our disposal to deliver equitable access to housing and economic opportunity for the most vulnerable," said IHDA Executive Director Kristin Faust. "Once constructed, the developments in Peoria will bring the city to homelessness to functional zero meaning anyone who needs a place to spend the night will have a bed while they obtain the resources for more permanent and stable housing. This is a tremendous milestone in Governor Pritzker's goal to end homelessness in Illinois."

According to data published by the Governor's office, 73% of extremely low-income renter households in Illinois are severely cost burdened or spend more than 50% of their income on housing. This issue is reportedly exacerbated by a lack of affordable homes for low-income households in Illinois.

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