Illinois Housing Development Authority
Illinois

The Preservation Program provides Grants up to $475,000 to rehab affordable housing projects with existing income and occupancy restrictions to benefit very-low and low-income households throughout the state of Illinois.

Funding Source
Dedicated funding stream - Other
Funding Year
$28m in total for 2022/2023 and 2023/24|N/A|N/A|N/A
Program Status
Active
State Funding
$28,000,000
Total Funding
$28,000,000
Website
https://www.ihda.org/
Contact
Nelson Jimenez Illinois Housing Development Authority preservationprogramlimitedrehab@ihda 312-836-5200
How Provided?
Development grants
Data Collected by Program
Income
Program Type
Capital resources
Income Eligibility Threshold
80% AMI or less
Duration
Affordability period is 10 years
Info Source
Program administrator survey response
Last Updated
6/30/23 15:06
Other Eligibility Requirements

No other eligibility requirements

Coordinates Eligibility With

Does not coordinate with other systems

Eligibility Limitations

Does not limit eligibility on these criteria

Priority Populations

Does not prioritize beyond eligibility requirements