Champaign’s $96,000 study identifies tax surplus generating development.
A buddy downstate emailed me this study, noting one other blogger already has written about it. His point; there’s a temptation to simply do what generates surplus income for the municipality.
Tags: budget·Development·homes·revenues·Taxes
DuPage County has been seeking the ability to do whatever it wants to when it comes to developing real estate, under the cover of “affordable workforce housing” and “by right” use.
Despite opposition from every community that is aware of it, the county continues to push this potential program towards their goal.
Tags: Affordable housing·Development·DuPage County·redevelopment·residential development·unincorporated·workforce housing·Zoning
Editor’s note: Tim Meaney, local resident and attainable housing proponent, offers some constructive ideas for addressing the neighborhood concerns raised by Meat in “Emma Doesn’t Live Here Anymore.”
I’ve been thinking about the essay, Emma Doesn’t Live Here Anymore ever since a friend called it to my attention several days ago. What is intriguing is that [...]
Tags: attainable housing·IDHA
Editor’s note: Regular commenter Meat addresses the sensitive subject of intended teardowns that have became rental properties as a result of the softening housing market. I’ll be following up with more on Section 8s and other development issues that impact neighborhoods in an upcoming post.
I liked Emma.
Actually, I never really met Emma but I knew [...]
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A young single guy is expected to become the first Downers Grove home buyer to benefit from the Illinois Housing Development Authority’s Mortgage Credit Certificate program. The attainable housing initiative was made possible locally by $1.3 million in village bonding authority ceded to IDHA last year.
The buyer expects to close on his first home sometime [...]
The recession has hit home — and hard.
Today’s Reporter carried 40 foreclosure-related legal notices concerning properties in Downers Grove and other nearby suburbs.
One of them, a notice of a foreclosure sale, concerns a house in my neighborhood. A real estate Web site describes it as having 10 rooms, a master suite and a two-car garage. [...]
Tags: foreclosure·home sales
Commissioner William Waldack became the first, and so far only, candidate to file papers today for spring’s village council race.
Waldack, 58, is completing his first term on the council. While not that body’s most dynamic member, he has been an outspoken proponent of public transportation and affordable housing.
Waldack also has displayed an independent streak. His [...]
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The Illinois Housing Development Authority will hold a meeting for real estate brokers and lenders next Monday as the first step in the agency’s program to help first-time home buyers purchase local properties valued at up to $325,000.
The Mortgage Credit Certicate program was made possible by the village council’s decision to cede $1.3 million in [...]
Tags: Affordable housing·IDHA
The Illinois Housing Development Authority has identified the program it feels is best suited to first-time Downers Grove homebuyers.
The agency’s Mortgage Credit Certificate Program would offer qualifying middle-income buyers a credit on their income tax.
The program reportedly “works well with young professionals who are financially savvy and understand mortgages,” acting village manager Dave Fieldman told [...]
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The village council’s unanimous decision to cede its remaining $1.3 million in private activity bonding authority to IHDA is as close as local government usually comes to a win-win proposition.
Win: Affordable housing advocates and opponents alike get the opportunity to test their assumptions in the real-world marketplace.
While $1.3 million in bonds will help only [...]
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