Illinois Real Estate

Illinois StatePosted by
97ZOK

10 Jaw Dropping Mansions For Sale in Illinois’ Richest Town

MSN details - A suburb of Chicago, Livability gives Glencoe an exceptional living score of 79. Perhaps that’s because the income per capita is more than 250% higher than the U.S. average, or the median home value is more than 380% higher than the national average. Of all the residents, 94% own their homes, and 99% of high schoolers graduate.
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Illinois Statewglt.org

Dialogue On Future Of Shelbourne Apartments Property Begins

Conversations about how to redevelop a prime 26-acre parcel of land in Normal have begun. Illinois State University last week took the first step toward a sale of the mothballed 101-unit Shelbourne Apartment complex and surrounding park-like property. "I would say this property presents a great opportunity to see some...
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Illinois Stateadvantagenews.com

Illinois housing wage is more than $20 an hour

A recent report by the National Low Income Housing Coalition and Housing Action Illinois showed $22.11 is the hourly wage a full-time worker needs to earn in order to afford an average apartment. Bob Palmer, policy director for Housing Action Illinois, says there is a disconnect in the market. “The...
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Illinois StateNews-Democrat

Is it a good time to buy a home in southwestern Illinois?

It’s a “seller’s market” in the metro-east, and that’s generally not the best time to buy a home, but people are doing it anyway, and they have their reasons. The number of home sales have increased every month since June 2020 in St. Clair County and all but one month in Madison County, according to Deb Frazier, CEO of the REALTOR Association of Southwestern Illinois.
thecentersquare.com

Illinois housing wage is more than $20 an hour

(The Center Square) – A recent report by the National Low Income Housing Coalition and Housing Action Illinois showed $22.11 is the hourly wage a full-time worker needs to earn in order to afford an average apartment. Bob Palmer, policy director for Housing Action Illinois, says there is a disconnect...
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Chicago Tribune

Illinois could soon have a new affordable housing incentive — and it could work, both developers and advocates say

A new incentive designed to boost affordable housing is poised to become law, and both developers and affordable advocates say it could be a key piece of the housing puzzle. The program is designed to spur creation of affordable rental housing in expensive areas and encourage investment in existing affordable units, in exchange for varying property tax incentives. Tucked into a multifaceted ...
Illinois Statetherealdeal.com

Illinois poised for new affordable housing incentive

A new affordable housing incentive that has drawn high marks from developers and housing advocates alike is poised to become law soon. Lawmakers in Illinois passed a housing bill that includes tax incentives in exchange for new affordable rental housing and investment in existing units. The bill is awaiting Gov. J.B. Pritzker’s signature, according to the Chicago Tribune.