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The Authority's original mission statement called for it to provide decent, safe, and sanitary housing to persons of low and moderate income. This has led to IHDA's role as a principal provider of financing for multi-unit housing projects dedicated to Illinois senior citizens. [1]
The CHA was created in 1937 to own and operate housing built by the federal government's Public Works Administration.In addition to providing affordable housing for low-income families and combating blight, it also provided housing for industry workers during World War II and returning veterans after the war.
Altgeld Gardens is a 99% minority public housing community hosting 8,000 community members, 90% of whom are black and 63% of whom are living below the poverty line. [7] There is the highest percentage of people living in poverty and the lowest per capita income in the city. [7]
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 ...
The ratings agency’s recent report has the long-term liabilities for Illinois making up 22.8% of the state’s personal income, the second worst in the country behind Connecticut.
Independent senior living differs from continuing care communities, which offer independent living along with multiple other levels of care, such as assisted living and skilled nursing, in one single residence. [2] Independent senior living residents are permitted to use third-party home health care services to meet additional needs.
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