The Illinois Housing Development Authority said it would use proceeds of its recent sale of $33.4 million of tax-exempt housing revenue bonds to finance four affordable multifamily developments.

The spending will help preserve more than 500 units, including 400 elderly units, in four developments in Chicago, Decatur, Moline, and East Moline.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.