Illinois Affordable Housing Tax Credit
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.
Other Eligibility Requirements
No other eligibility requirements
Total Funding
$21,648,762
Funding Source
Tax expenditure
Funding Year
2022
How Provided?
Development tax credits