Illinois Housing Development Authority
Illinois

IHDA offers several first mortgage and bond financing options to foster the development and preservation of affordable housing throughout Illinois. IHDA offers low-interest rate construction and permanent financing through one common application process.

Funding Source
Dedicated funding stream - Real estate transfer tax
Funding Year
2022
Program Status
Active
State Funding
$474,383,329
Total Funding
$474,383,329
Website
https://www.ihda.org/developers/multifamily-financing-programs/
How Provided?
Development loans
Program Type
Capital resources
Income Eligibility Threshold
80% AMI or less
Duration
Affordability period is 30 years
Info Source
NLIHC internet research
Last Updated
8/14/23 4:13