State of Illinois provides state loans and tax credits

Illinois Seal

A new senior housing facility with 67 units opened this month in Springfield, Illinois and the project received support from the state of Illinois with almost $8 million dollars in state loans and tax credits.  The facility was constructed by non-profit developer Abundant Faith Christian Center.    Sixty of the units are reserved for low income seniors and other rent subsidy programs are eligible for qualified residents. 

For more information, see the Blagojevich Administration’s statement here.