Illinois

QAP Illinois

Illinois Opens ERA Program

The Illinois Housing Development Authority’s statewide emergency rental assistance program is now open for applications.

QAP Illinois

Illinois Holds QAP Summits – May 11, 13 & 17

The Illinois Housing Development Authority is hosting QAP summits opportunity to discuss the effectiveness of current and 2022-2023 QAP.

Illinois

Evanston, IL First in Country to Offer Reparations Program for Black Residents

The 8-to-1 vote will initially make $400,000 available in $25,000 homeownership and improvement grants, as well as in mortgage assistance for Black residents, primarily those can show they are direct descendants of individuals who lived in the city between 1919 and 1969 and suffered from such discrimination.

QAP Illinois

City of Chicago Posts Draft 2021 QAP

The City of Chicago released its draft 2021 Qualified Allocation Plan. The QAP describes the selection criteria and application requirements for affordable housing developments receiving federal Low Income Housing Tax Credits and tax-exempt bonds.

Illinois

Illinois Legislation Would Create State LIHTC

Legislation introduced in the Illinois Legislature would create a state LIHTC. S.B. 2445 and H.B. 3213 would create the Build Illinois Homes Tax Credit as of January 1, 2021, with a $35 million annual allocation, with 24.5 percent of the credits allocated to the City of Chicago Department of Housing.

QAP Illinois

Illinois Guidance on Four Percent Floor

The Illinois Housing Development Authority (IHDA) released the following guidance for new four percent bond deals…

QAP Wyoming

NCSHA Announces Newly Elected Board Officers and Directors

The National Council of State Housing Agencies held its Board of Directors election on October 26 during the association’s 2020 Annual Conference & Showcase. Nominated from among, and voted on by the executive directors of the member state housing finance agencies, NCSHA’s newly elected Board officers are:

QAP Illinois

Illinois Launches New Market Analysis Application Data Tool

The Illinois Housing Development Authority (IHDA) launched its new Market Analysis Application (IMAA). Designed by IHDA’s Strategic Planning and Reporting (SPAR) team, IMAA allows affordable housing practitioners of all types to derive market areas, see integrated demographic and analytic data, study concentration levels, cross-reference with IHDA’s portfolio of projects and identify the true housing needs within a community.

QAP Illinois

Illinois Releases 2021 LIHTC PPA and Application Timeline

The Illinois Housing Development Authority (IHDA) released the 2021 application schedule both the nine and four percent LIHTCs. The application deadline for 2021 nine percent LIHTC is January 22, 2021. IHDA will accept PPAs for four percent LIHTC on a rolling basis through December 31, 2020.

Illinois

Illinois Building Electrification: Heat Pumps Can Support Illinois Climate Goals

A new analysis from Elevate Energy and Rocky Mountain Institute (RMI) shows that improvements in electric heat pump technology and progress in decarbonizing the electricity grid provide an effective pathway to meeting Illinois climate goals.

QAP Illinois

Illinois Housing Development Authority Names Karen Davis as Deputy Executive Director

The Illinois Housing Development Authority (IHDA) Board named Karen Davis as the Authority’s next deputy executive director.

Illinois

Chicago Offers $33 Million in Housing Assistance Grants

Chicago Mayor Lori Lightfoot (D) and the Departments of Housing (DOH) and Family and Support Services (DFSS) announced an expanded Housing Assistance Grant program and a new online portal to assist Chicagoans who have been adversely impacted by the economic fallout from the COVID-19 pandemic.

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