This is the first I’ve heard of the TaxSmart program!

Published on Jul. 20, 2018 by Steven Vance


This is the first I’ve heard of the TaxSmart program! And I don’t think it’s on the chart at the end. But here’s the description from the 2014–2018 housing plan:

“Provides federal income tax Mortgage Credit Certificates (MCC) to qualified home- buyers, reducing income taxes by 20% of interest paid on a mortgage. The credit may be claimed each year through the life of the mortgage. Administered through private lending institutions.” It’s funded by “Tax-exempt Single-family Mortgage Revenue Bonds”.


← Older article
City Council members have their own affordable housing proposals
Newer article →
Barriers to building reuse in Chicago

Other posts by Steven Vance full archive

March 2026
February 2026
January 2026
December 2025
November 2025
September 2025
August 2025
July 2025
June 2025
April 2025