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.
Gillian Executive Search is a leader in Affordable Housing Development, Financing, Design and Construction recruiting. www.gessearch.com