![]() ![]() Through the housing authorities in the six-county area. They can provide information on Outside Chicago, the program will be available Program, a brochure on how to take advantage of the benefits createdīy the new act, and a search engine to find out if a property is The Housing Choice Voucher program, contact CHAC, Inc., the agency thatĪdministers the program in Chicago, at 31. CHAC's Web site To voucher holders would receive a $1,500 discount in propertyįor more information on how to participate in (estimated market value= $8.75 million) who rents some of the units The owner of a 50-unit apartment building in Chicago's Lakeview neighborhood Which the estimated market value is $250,000) can save more than $600 a year on With the new act, a qualifying landlord with Located in the six-county area. Outside the Chicago region, only Winnebago, St. Known as the Property Tax Savings Program, is administered by housing authorities To promote access to housing near job centers and toĮncourage economic diversity and mixed-income communities in Illinois. The act, also Landlords who participate in the Housing Choice Voucher programĪnd have properties located in opportunityĪreas in the city of Chicago or economically stable townships throughout The recently passed Housing Opportunity Tax Incentive Act (PublicĪct 93-0316) introduces an important ammendment to the Property TaxĬode that will provide substantial financial incentives to ![]() Thanks to the Housing Opportunity Tax Incentive Act recently passed by the Illinois General Assembly, rental property owners in economically stable, low-poverty areas can obtain significant tax abatements if they participate in the Housing Choice Voucher program. ![]()
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