Episode 38: Illinois Introduces Bill to Renew State Affordable Housing Tax Credit
Failed to add items
Sorry, we are unable to add the item because your shopping cart is already at capacity.
Add to basket failed.
Please try again later
Add to Wish List failed.
Please try again later
Remove from Wish List failed.
Please try again later
Follow podcast failed
Unfollow podcast failed
Episode 38: Illinois Introduces Bill to Renew State Affordable Housing Tax Credit
-
Narrated by:
-
By:
About this listen
The Illinois General Assembly has introduced House Bill 4413 to renew the Illinois Affordable Housing Tax Credit — a state-level credit that layers with federal LIHTC.
State Credit Importance:
- Fills financing gaps as development costs rise
- Makes marginal projects feasible
- Attracts investors layering state and federal credits
- Most states now have state housing credit programs
Illinois Program:
- Supported thousands of affordable units since inception
- Renewal would extend and potentially expand capacity
- Details on allocation amounts being finalized
Developer Action Items:
- Illinois 9% LIHTC deadline: February 25, 2026
- Track HB 4413 progress for financial projections
- Consider state credit in investor conversations
National Trend:
- Michigan advocates proposing $42M annual state credit
- More states complementing federal credits
Subscribe to The Spring Street Brief for daily coverage of state housing tax credits, LIHTC, QAP deadlines, and affordable housing legislation.
No reviews yet
In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.