Long Term Operating Support
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).
Other Eligibility Requirements
No other eligibility requirements
Eligibility Limitations
Does not limit eligibility on these criteria
Priority Populations
Extremely low-income households (income less than 30% AMI)
Required Documents
Required for income (general). Self-attestation permitted for income (general).
Total Funding
$4,000,000
Funding Source
Dedicated funding stream - Real estate transfer tax
Assistance Used For
Current and/or future rent
How Provided?
Rental assistance paid to landlord, housing agency, or approved vendor only
Amount Calculation Method
Program offers a fixed amount per month
Data Collected by Program
Income
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