Community Benefits

• Provides housing opportunities for low- and moderate-income households
• Promotes cultural and economic diversity
• Creates valuable workforce housing
• Preserves the community’s existing housing stock and neighborhood character
• Rehabilitates problem or blighted properties in the community
• Develops an inventory of permanently affordable housing for future generations
• Assists local businesses to attract and retain employees
• Promotes live-near-work housing which helps alleviate traffic congestion and the environmental impacts associated with long commutes
• Helps communities comply with the Illinois Affordable Housing Planning and Appeal Act
• Encourages workers to live and spend their incomes in the local economy
• Maximizes the cost-effectiveness of public and private investment for long-term community benefit

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