Planning, Building & Development | Page 68

LCHA manages the Housing Choice Voucher (HCV) program—formerly known as the Section 8 program—that provides rent assistance in privately owned rental units for lowincome individuals and families. As of late 2013, the LCHA had issued 2,803 HCVs, plus 263 total project-based vouchers (in which the assistance is assigned to the site). Project-based vouchers (PBVs) are currently dedicated by LCHA to subsidizing 20 units for victims of domestic violence in Zion, 59 units for low-income families in Zion, and 186 units for seniors in Grayslake, Antioch, and Zion. LCHA’s HCV waiting list has been closed and contained 1,825 households at the end of 2013, of which 42 percent were families with children, 38 percent were families with disabilities, and 59 percent were non-White. To assist in expanding the supply of units available to HCV holders, the LCHA participates in the State Tax Abatement Program, whereby eligible properties, based on location, can receive reduced tax rates, thus incentivizing the landlord to rent to HCV holders. As noted in the LCHA Five-Year Plan, the Housing Authority is planning to submit an application to HUD to convert public housing units to PBVs under the Rental Assistance Demonstration Program. State of Illinois Affordable Housing Planning and Appeals Act In 2003, the State of Illinois passed the Illinois Affordable Housing Planning and Appeals Act to encourage the inclusion of more affordable housing in communities across the state. Specifically, the Act provides that at least 10 percent of a community’s housing stock should be affordable; communities with an affordable housing share of less than 10 percent are defined as “non-exempt.” Of the 68 non-exempt communities in Illinois identified in 2013, 18 communities are located in Lake County. Non-exempt communities were required to develop and approve an affordable housing plan to be implemented toward the goal of increasing affordable housing unit production. Some communities adopted plans that included affordable housing development and financing tools such as inclusionary zoning or the establishment of a trust fund. Others modified zoning ordinances to provide for more affordable multifamily opportunities. Generally, these communities are also considered higher opportunity areas, as related to housing values, proximity to jobs, and education; thus, housing stock affordability is tangentially related to housing access by the protected classes. A table of non-exempt communities in Lake County and the 2013 figure for affordable housing share is provided in the Appendix. EMPLOYMENT Historical Background on Employment in Lake County Since the post-World War II period, Lake County communities have shifted from Chicago-focused commuter towns to the formation of local economic centers. With a 66 APPLIED REAL ESTATE ANALYSIS, INC. LAKE COUNTY, ILLINOIS