This bill includes $50 million towards the construction of new affordable housing, including units for low- and extremely-low income residents, and housing near transit hubs.

Brentwood, TN-based GBT Realty Corporation, which developed the properties over the past two years, sold the portfolio to a Virginia-based, private investment group that was completing a sizable 1031 exchange.

The State of Illinois, through CMS, owns and manages the former Howe Development Center and Tinley Park Mental Health Center property. Howe was closed in July of 2010, and Tinley was closed in July of 2012.

The 25-year-old commercial real estate financing and advisory services firm now provides an array of services from due diligence to asset management services, restructuring, crisis management for developers, financial institutions and private equity funds with a concentration on development, construction, bankruptcy, restructuring and marketing.

In 2018, the U.S. Department of Housing and Urban Development) took action against the previous owner of the housing complexes, declaring them an absentee landlord and requiring them to pay $800,000 in civil penalties for failing to provide decent, safe, and sanitary housing conditions to residents.

State officials note the total of approximately $12.5 million in PIDA financing in 2020 has resulted in more than $28.8 million in private investment and supported the creation and or retention of 933 full-time jobs in the state.

Dispensaries across the state sold 831,600 items over the 29-day period. Sales to Illinois residents totaled $25,615,371, while sales to out-of-state residents totaled $9,189,701.01.

The NMTC loans included a $4-million allocation from Capital One Community Renewal Fund and a $10.5-million allocation from NJCC, which also provided Hugo Neu with a $2.5-million term loan.