State policy

• Donations tax credit

Several trends converged that encouraged CRN to take a deep look at the impact of State of Illinois policies on our affordable housing work in Chicago. The mid-90’s was driven by a federal policy of devolution – pushing decision-making and federal resources to States. The Public Private Finance Initiative, co-convened with the Chicago Department of Housing, targeted a discussion on creating new state resources – and the initiative included leadership from throughout Illinois. One of the results – the Illinois Affordable Housing Tax Credit – created the first new state resources in over 10 years. Our intentional efforts at strengthening leadership for affordable housing led to a current focus on ensuring that elected officials in Illinois are educated about affordable housing and community development – and as a result, CRN expanded its Affordable Housing Fact Book to include counties and municipalities throughout the State of Illinois.

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