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The Taft Homes are a public housing project located off the Illinois River in Peoria, Illinois. In total there are 200 apartments in Taft, housed in separate wood-framed buildings. The Taft Homes are currently in the early stages of a redevelopment project that calls for the demolition of all current units, with the lots then transformed into ...
Illinois is the 13th-wealthiest of the 50 United States, with a per capita income of $37,728 according to the 2020 census. Illinois counties ranked by per capita income [ edit ]
The federal government, through its Low-Income Housing Tax Credit program (which in 2012 paid for construction of 90% of all subsidized rental housing in the US), spends $6 billion per year to finance 50,000 low-income rental units annually, with median costs per unit for new construction (2011–2015) ranging from $126,000 in Texas to $326,000 ...
Non-profit housing is owned and managed by private non-profit groups such as churches, ethnocultural communities or by governments. Many units are provided by community development corporations (CDCs). They use private funding and government subsidies to support a rent-geared-towards-income program for low-income tenants. [7] [8] [clarification ...
The building was restored by the Illinois Housing Development Authority and a Chicago developer at a cost of US$3.2 million and renovated into affordable housing for senior citizens. During its height the Nachusa House was a popular stop along rail and stagecoach lines and was a known layover for Abraham Lincoln.
Seniors earning between 30% and 80% of the area median income will be eligible for apartments in the new building; that comes out to annual incomes of between $19,000 and $51,000.
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