- Published: Sunday, May 30, 2021 06:32 PM
SPRINGFIELD – To help working families, State Senator Ann Gillespie (D-Arlington Heights) passed legislation in the Illinois Senate to encourage the development of affordable housing units.
“We need a long-term strategy for affordable housing,” said Gillespie (D-Arlington Heights). “Creating incentives in the housing market will produce better options and more stable lives for working families across the state.”
House Bill 2621 combines measures from affordable housing initiatives introduced this year by Senators Mattie Hunter (D-Chicago) and Sara Feigenholtz (D-Chicago). It creates incentives in the housing market for affordable housing units, enforces the mandatory affordable housing plan for cities with at least 1,000 residents and changes how the Cook County Assessor’s office calculates the tax liability for affordable housing complexes.