Billionaire Warren Buffett is pouring money into Illinois homes.
Buffett's company, Berkshire Hathaway Inc., is a main investor in St. Anthony Supportive Living Facility, a 125-unit senior housing center in south suburban Lansing, according to the Chicago Sun-Times.
The nearly $29 million project, to be located at Lorenz Avenue and Spring Lake Drive, will house lower-income residents.
The Sun-Times reports the Illinois Finance Authority this week agreed to issue about $18 million in tax-exempt bonds to support the project.
Affordable Housing Partners, a subsidiary of Buffett's Berkshire, will invest $5.4 million in equity, according to the paper.