Quinn: Illinois to build, renovate affordable housing
Gov. Pat Quinn says Illinois will build or rehabilitate nearly 1,500 affordable housing units statewide.
The Chicago Democrat said in a statement Monday the apartments will ensure working families, seniors and people with disabilities have quality, affordable housing.
The work will be financed through a federal housing tax credit and the Illinois Housing Development Authority’s Preservation Now program.
Residents must earn at or below 60 percent of the area median income to qualify for the units. That’s about $35,000 in the Chicago area.
In Aurora, the state plans to acquire and rehabilitate 40 vacant single-family homes. In Chicago, a 106-unit development for seniors will be built on the site of an abandoned building and unused tennis courts.
Units also are planned for the Bloomington-Normal area, Edwardsville, Galesburg, Marion and Springfield.