Alton, Edwardsville Developments Included: Pritzker Administration Announces 2025 Affordable Housing Tax Credit Developments
CHICAGO – The Illinois Housing Development Authority (IHDA) Board approved awards totaling $24 million in federal Low-Income Housing Tax Credits (LIHTC) and an additional $39 million in federal and state subordinate resources that will finance the creation and preservation of 16 affordable housing developments in 11 counties throughout Illinois. The LIHTC awards are expected to generate an estimated $180 million in private capital to support the development of 850 affordable homes for low- to moderate-income families, seniors, and veterans. “Every Illinoisan – present and future – deserves a safe and affordable place to call home,” said Governor JB Pritzker. “By leveraging the Low-Income Housing Tax Credit to spur millions in private development, we’re offering real housing solutions for working families, seniors, and veterans while creating jobs in construction and revitalizing communities up and down the state.” The 16 approved development
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