Illinois Housing Development Authority
Illinois

The Long Term Operating Support program provides project based rental assistance to developments for a term of 15 years to serve households with incomes at or below 30% of ami (50% of the units must serve households with incomes at or below 15% of ami).

Assistance Distributed By
State administrator/State agency
Funding Source
Dedicated funding stream - Real estate transfer tax
Program Status
Active
State Funding
$4,000,000
Total Funding
$4,000,000
Website
https://www.ihda.org/
How Provided?
Rental assistance paid to landlord, housing agency, or approved vendor only
Data Collected by Program
Income
Program Type
Project-based rental assistance
Income Eligibility Threshold
30% AMI or less
Duration
Long-term (more than 2 years)
Assistance Used For
Current and/or future rent
Info Source
Program administrator survey response
Last Updated
6/28/23 12:29
Other Eligibility Requirements

No other eligibility requirements

Required Documents

Required for income (general). Self-attestation permitted for income (general).

Coordinates Eligibility With

Does not coordinate with other systems

Amount Calculation Method

Program offers a fixed amount per month

Eligibility Limitations

Does not limit eligibility on these criteria

Priority Populations

Extremely low-income households (income less than 30% AMI)