REVENUE-AFFORDABLE HOUSING

Summary

The bill increases the annual pool of state tax credits for affordable‑housing donations to $41.8 million in FY 2027 and grows it by 10 % each year thereafter. It also lengthens the affordable‑housing donation income tax credit so it remains available through the 2036 tax year. The changes affect nonprofit sponsors, the Illinois Housing Development Authority, and Chicago’s share of the credits, aiming to boost funding for low‑income rental and home‑buyer projects.

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