WGLT's Sound IdeasWGLT's Sound Ideas

Normal mayor floats loan interest rate buydown program to address housing shortage

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Normal Mayor Chris Koos, speaking on WGLT's Sound Ideas, said he's now thinking about low interest buydowns of loans to get housing projects started, if a project meets the needs of the town for workforce housing. Such buydowns can lower the effective interest rate for financing used to put up apartment buildings.

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WGLT's Sound Ideas is our flagship news program. Every weekday, WGLT reporters go beyond soundbites  
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