The Illinois Housing Development Authority (IHDA) released the 2021 application schedule both the nine and four percent LIHTCs.
In order to be eligible to apply for 2021 nine percent LIHTC, a sponsor must have submitted a request for a Preliminary Project Assessment (PPA) approval by October 2, 2020. IHDA will notify Sponsors of the PPA results on November 20, 2020.
The application deadline for 2021 nine percent LIHTC is January 22, 2021. Applications received after January 22, 2021 will not be eligible for 2021 nine percent LIHTC.
IHDA will accept PPAs for four percent LIHTC on a rolling basis through December 31, 2020. IHDA will endeavor to notify sponsors within 45 days of the Authority’s receipt of the request for four percent PPA approval.
Any four percent applications with an approved PPA may be submitted on a quarterly basis, beginning in 2021. Please see the Multifamily Transactions Timeframes for more information on application deadlines.
IHDA reserves the right to modify the PPA or application deadlines. If you have any questions related to the timeframes, please send an email to Multifamilyfin@ihda.org.
All 2021 nine percent LIHTC application documents will be made available by November 20, 2020. Please refer to the Developer Resource Center section of IHDA’s website for updates.
Preliminary Project Assessments (PPA) and LIHTC applications must be submitted via the Multifamily Portal at https://mfportal.ihda.org. To better serve the environment, IHDA no longer accepts paper applications.
In order to gain access to the Multifamily Portal, please submit a MF Portal Account Request Form. If you require assistance with the Multifamily Portal, please contact mfportalhelp@ihda.org.
