DECATUR – With the federal Low-Income Housing Tax Credits, more affordable housing units will be available in Decatur, State Senator Doris Turner announced.
“I am beyond thrilled to see the old Garfield School won’t be demolished, but instead will be transformed into 63 units of new affordable housing for our seniors,” said Turner (D-Springfield). “This will help bring community development, jobs and housing options into Decatur.”
A total of $23.8 million in federal Low-Income Housing Tax Credits will finance the creation and preservation of 16 affordable housing developments in 10 counties across Illinois. Once completed, the developments will offer 792 affordable units for low- to moderate-income families, seniors and persons with special needs.
“I applaud the Illinois Housing Development Authority and everyone involved in making this development possible,” said Turner. “I can’t wait to cut the ribbon when construction is complete.”
More information regarding LIHTC can be found here.