Chicago Department of Housing
Chicago, Illinois

Multi-year Affordability through Upfront Investment (MAUI) supplies interest-free forgivable loans to replace up to 50 percent of a developer’s private first mortgage loan. The resulting savings are used to reduce the rents of very low-income tenants earning no more than 30 percent of the area median income.

Funding Source
Dedicated funding stream - Other
Funding Year
2022
Local Funding
$1,000,000
Program Status
Active
Total Funding
$1,000,000
Website
https://clihtf.org/programs-initiatives/maui/
Contact
[email protected]
How Provided?
Development loans
Program Type
Capital resources
Income Eligibility Threshold
30% AMI or less
Duration
Affordability period is 15 - 30 years
Info Source
NLIHC internet research
Last Updated
8/23/23 16:11
Coordinates Eligibility With

Does not coordinate with other systems

Income Eligibility Threshold Detail

50% of units must be affordable to households at 15% AMI or less