Best affordable seniors housing design for Global Awards shortlisted
LONDON: The shortlist for the best affordable seniors housing design has been declared.
Over 250 programmes have been considered by the awards secretariat. One of the finalists in this category is shown above.
Three projects in the northern suburbs are set to receive conditional awards in federal low income tax credits as part of an overall goal to fund affordable housing initiatives throughout the state.
Libertyville’s Eve B. Lee Place, Evanston’s Housing Opportunity Development Corporation and Mt. Prospect’s Prospect Senior Lofts were three of the 25 statewide housing developments scheduled to get the tax credits, the state announced on May 27.
The Internal Revenue Service apportions tax credits to each state based on population with the Illinois Housing Development Authority administering the program, the state explained. After the tax credits are sold to investors, they will amass nearly $300 million in private capital allowing for the financing or preservation of more than 1,300 affordable statewide housing units for low- to moderate-income families, veterans, seniors or people with special needs.
The Global Award winner will be announced in December in London. (Globals)
