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Rock Island Housing Authority outlines $70 million in projects; council backs Valley Homes veteran development
Summary
Rock Island Housing Authority leaders told the council the agency has shifted to mixed-income redevelopment and detailed current and planned projects including a 25-unit veterans development. The council unanimously adopted a resolution supporting Community Home Partners' Valley Homes proposal.
John Chow, executive director of the Rock Island Housing Authority and CEO of Community Home Partners, told the Rock Island City Council the agency has moved from traditional public housing toward mixed-income redevelopment and has invested roughly $70 million in local projects over the last two decades.
Chow said the authority now manages a mixed portfolio that includes public housing, project-based vouchers, Housing Choice Vouchers, tax-credit units and market-rate units, and reviewed completed and planned projects including a newly financed 25-unit veteran housing development and a proposed senior housing project at Valley Homes.
Why it matters: The housing authority described a long-term transition triggered by federal guidance and by decades of deferred maintenance in public housing. The authority is positioning redevelopment projects to use multiple financing sources — tax credits,…
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