Illinois Housing Development Authority (IHDA) Executive Director Gloria L. Materre, recently announced the launch of a new statewide initiative to preserve affordable rental homes in Illinois. The new Preservation Initiative created under Governor Pat Quinn is funded by IHDA’s Multi-Family Initiative Bonds program, which makes available $184 million in tax-exempt bond financing for housing development. The initiative is a collaborative effort with the U.S. Department of Housing and Urban Development (HUD), the Illinois Department of Commerce & Economic Opportunity (DCEO), and the MacArthur Foundation. Read Morel…