Tax-Exempt Bonds Would Finance Near West Side Affordable

New affordable rental multifamily housing would be created through the issuance of $13 million in tax-exempt bonds that Mayor Lori Lightfoot’s office introduced to City Council Wednesday. The funding would support an estimated $37-million project on Chicago’s Near West Side, which will generate more than $2 million in Low Income Housing Tax Credits along with $2.5 million in donation tax credits.

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