Loading chat...
IL SB1378
Bill
AI Summary
- Amends the Illinois Housing Development Act by adding Section 7.24i regarding tax credit allocation for veteran housing
- Requires the Illinois Housing Development Authority to set aside no less than 10% of allocated tax credits for the 2024-2025 Qualified Allocation Plan
- Designated tax credits must fund nonprofit-sponsored projects providing permanent housing for formerly homeless veterans in service-based multifamily properties
- Eligible projects must contain no fewer than 20 units
- Takes effect immediately upon becoming law
Legislative Description
IHDA-TAX CREDITS-VET HOUSING
Last Action
Session Sine Die
1/7/2025
Committee Referrals
Assignments3/10/2023
Revenue2/14/2023
Assignments2/6/2023
Full Bill Text
No bill text available