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32-unit housing development planned in Arthur | Government and Politics | jg-tc.com – Journal Gazette and Times-Courier

32-unit housing development planned in Arthur | Government and Politics | jg-tc.com – Journal Gazette and Times-Courier

32-unit housing development planned in Arthur At least a dozen states have announced they will drop out of the federal program providing an extra $300 in weekly payments to unemployed workers during the COVID-19 pandemic. Some business owners say the extra money has made it harder to fill job openings. Here’s what Gov. J.B. Pritzker

32-unit housing development planned in Arthur




At least a dozen states have announced they will drop out of the federal program providing an extra $300 in weekly payments to unemployed workers during the COVID-19 pandemic. Some business owners say the extra money has made it harder to fill job openings. Here’s what Gov. J.B. Pritzker said when asked about the situation at an unrelated news conference Monday.


ARTHUR — The Illinois Housing Development Authority Board announced on Friday that federal Low-Income Housing Tax Credits have been awarded to help create a 32-unit housing development in Arthur.

A state press release reported that the Arthur Homes development will create affordable housing through a mix of duplexes, triplexes and quadplexes for local veterans, families and persons with disabilities. Sponsored by Christian County Integrated Community Services, each unit will offer an attached garage, in-unit laundry and a balcony or patio.

“Illinois’ tax credit program is a critical tool in our efforts to provide safe and affordable housing for all of our residents, and to build an economy that works for everyone,” said Gov. J.B. Pritzker in the release. 

The Internal Revenue Service allocates tax credits annually to each state based on population. In Illinois, the Housing Development Authority awards the credits through a competitive application process.

Once developers receive the credits,  they sell them to investors and use the equity generated to reduce construction and operating costs. The savings in underwriting are passed on to the renter in the form of below-market rents, which must remain affordable for at least 30 years.

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