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SPRINGFIELD, IL - January 19, 2011 - (RealEstateRama) -- First-time buyers continued to be a driving force in the Illinois housing market as they took advantage of the first-time homebuyer tax credit and the most affordable housing market in years, according to the 2010 Profile of Illinois Home Buyers and Sellers. The survey results released by the Illinois Association of REALTORS® (IAR) found 53% of buyers were first-time buyers, compared to 50% nationwide (a figure which has averaged closer to 40% nationwide since 2001).

ELGIN, IL - September 21, 2010 - (RealEstateRama) -- Governor Pat Quinn today announced the state has committed federal Low-Income Housing Tax Credits to finance a planned creative arts community in downtown suburban Elgin. The new Artspace development will provide affordable housing and will support Elgin’s arts community. The project is expected to create approximately 100 construction jobs

Washington, DC - October 9, 2009 - (RealEstateRama) -- Continuing his efforts help military service members and their families, Rep. Bill Foster (IL-14) voted in favor of the Service Members Home Ownership Tax Act of 2009, which would extend the deadline for utilizing the first-time homebuyer tax credit of $8,000 for qualifying service members that was included in the stimulus. The bill passed by an overwhelmingly bipartisan vote of 416-0.