Tax Credit For Investors
DuPage and Aurora Housing Authorities
Under the Housing Choice Voucher (HCV) Tax Abatement Saving Program (the “Program”) , Landlord-
Owners, who lease a unit to a HCV holder in a designated Housing Opportunity Area, are eligible to receive
up to a 19% reduction in the Equalized Assessed Valuation (EAV) of their property for qualified leased unit.
Applications are due by December 5th, 2008. Click Here For Application
2008 Qualified Townships for DHA and AHA Landlords Corresponding Cities & Municipalities Reference Guide*
03 – Addison Township (DuPage) Addison, Bensenville, Itasca, Lombard, Villa Park*, Wood Dale
06 – York Township (DuPage) Downers Grove, Elmhurst, Glen Ellyn, Hinsdale, Lombard, OakBrook
Oakbrook Terrace, Villa Park* Westmont
07 – Naperville Township (DuPage) Aurora*, Naperville*, Warrenville
09 or 10 – Downers Grove Township (DuPage) Burr Ridge, Clarendon Hills, Darien, Downers Grove* Hinsdale*
Lemont, Oakbrook*, Westmont*, Willowbrook, Woodridge
12 – Geneva Township (Kane) Batavia*, Geneva, West Chicago
12 – Batavia Township (Kane) Aurora, Batavia*, North Aurora
09 – St. Charles Township (Kane) South Elgin, St. Charles, Wayne
07 – Wheatland Township (Will)** Aurora, Bolingbrook, Naperville*, Plainfield
12 – DuPage Township (Will) ** Bolingbrook, Naperville*, Romeoville
Great stuff. I have a couple units in these townships. Never knew this was available.
Is it a 19% tax credit?
Yes. It is a 19% tax credit. If your taxes are $4,000 per year, you get a $760.00 credit! I have been using this tax credit for many years. Saves me thousands.
I am having trouble downloading the pdf. Can you please rescan and post or provide a link? Thanks!
Christian,
Is this Tax credit available for Bolingbrook, Will County?
Copy this link for access to file. Link is working on our end.
http://cid-2cdc73a598c1ff42.skydrive.live.com/self.aspx/Dupage%20Hosuing%20Tax%20Credit/LandlordDupageTaxSavings.pdf
Dave,
Yes. Check which township your property is located in.