Multifamily First Mortgage Loan and Bond Programs

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
How Provided?
Development loans
Program Type
Income Eligibility Threshold
Info Source
NLIHC internet research
Last Updated
8/14/23 4:13