supposedly vast Tax Increment Financing (TIF) funds. Depending on the outcome of work that’s going on now to bridge the gap between two competing ordinances, this could mean between about $50 million to $100 million a year that would go toward buying up foreclosures and rehabbing them into affordable living units..." /> supposedly vast Tax Increment Financing (TIF) funds. Depending on the outcome of work that’s going on now to bridge the gap between two competing ordinances, this could mean between about $50 million to $100 million a year that would go toward buying up foreclosures and rehabbing them into affordable living units..." /> supposedly vast Tax Increment Financing (TIF) funds. Depending on the outcome of work that’s going on now to bridge the gap between two competing ordinances, this could mean between about $50 million to $100 million a year that would go toward buying up foreclosures and rehabbing them into affordable living units..." />
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Tag: Housing Bulletin
Housing Advocates Get a Whiff of TIF
By Dennis Rodkin
After two years of trying, Chicago’s affordable-housing activists may be just a month away from tapping into the city’s supposedly vast Tax Increment Financing (TIF) funds. Depending on the outcome of work that’s going on now to bridge the gap between two competing ordinances, this could mean between about $50 million to $100 million a year that would go toward buying up foreclosures and rehabbing them into affordable living units... Read more
Mixed Greens: Eco-Homes at Luxury and Modest Prices
By Dennis Rodkin
New green homes are proliferating in the Chicago area, and three of the greenest are finishing up now in Bucktown and Waukegan. The Bucktown house, at 1610 North Honore Street, is an innovative conversion of an old two-flat into a single-family home, complete with a solar array over the garage and many reused materials... Read more
More Aid in the Works for Struggling Illinois Homeowners
By Dennis Rodkin
In 2011, tens of thousands of struggling Illinois homeowners may receive the financial aid they need to hold onto their houses under a program being prepared by the Illinois Housing Development Authority (IHDA). The agency has been allocated $445.6 million of U.S. Treasury TARP funds to help unemployed and under-employed homeowners stay out of foreclosure and is now working on the details of how to get that money to homeowners... Read more