Inside these posts: Illinois Housing Development

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Illinois allots all federal affordable housing funds

The Illinois Housing Development Authority said it completed the allocation of $359.2 million in federal funds used to build and rehab almost 5,500 affordable rental homes for working families, seniors and people with disabilities.

The state housing agency received the funds as part of the federal American Recovery and Reinvestment Act.

Developments with Chicago accounted for more than $115 million of the disbursement.