Illinois Housing Development Authority
Illinois
The Illinois Affordable Housing Tax Credit (IAHTC) encourages private investment in affordable housing by providing donors of qualified donations with a one-time tax credit on their Illinois state income tax equal to 50 percent of the value of the donation. The donor can choose to transfer the credits to the project, which creates additional project financing through syndication of the credits.
Funding Source
Tax expenditure
Funding Year
2022
Program Status
Active
State Funding
$21,648,762
Total Funding
$21,648,762
How Provided?
Development tax credits
Program Type
Income Eligibility Threshold
Duration
Info Source
NLIHC internet research
Last Updated
8/12/23 23:45
Other Eligibility Requirements
No other eligibility requirements
Coordinates Eligibility With
Does not coordinate with other systems
Income Eligibility Threshold Detail
25% of units for households at or below 60% AMI