Illinois

ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.

The Illinois Housing Development Authority (IHDA) is accepting applications under the Permanent Supportive Housing (PSH) Development Program to fund developments serving special needs populations and persons with disabilities, including residents who are transitioning out of nursing homes and into community living.

The Illinois Housing Development Authority (IHDA) released its Draft 2020-2021 QAP for public comment. Please submit comments to Allison Clements at aclements@ilhousing.org by Tuesday, July 30, 2019 at 5 pm CDT. Additionally, the Illinois Housing Council will host a networking event to discuss the draft QAP on Thursday, July 11th from noon to 2 pm […]

The Illinois General Assembly passed a bipartisan capital bill that dedicates $200 million in funds for affordable housing. The final numbers reflect a $25 million increase over Governors Pritzker’s original proposal of $175 million. This is also an increase in funding from the 2009 capital bill, which contained $145 million for affordable housing.

The Illinois Housing Development Authority (IHDA) released a draft LIHTC Manual for Owners and Agents of IHDA financed properties and is making the draft available for public comment for 30 calendar days. Please address your feedback on the draft manual directly to Kristin Ostberg, Policy & Procedure Analyst, at kostberg@ihda.org no later than March 31, 2019.

The Illinois Housing Development Authority (IHDA) will host QAP Summits to discuss the effectiveness of current and future QAP incentives. IHDA intends these sessions to be a partnership building exchange where IHDA will share preliminary thoughts regarding major changes being planned for the next QAP and will receive input and suggestions from the affordable housing community.

The Illinois Housing Development Authority (IHDA) released a draft Low Income Housing Tax Credit (LIHTC) Manual for Owners and Agents of IHDA financed properties. Comments are due to kostberg@ihda.org by Sunday, March 31. This manual is intended to: clarify compliance requirements and facilitate their consistent application streamline related processes and documents promote a smart compliance […]

Chicago’s Woodlawn neighborhood celebrated two major milestones in its revitalization – the opening of a new 48,000-square-foot Jewel-Osco grocery store, the first full-service grocery store residents in that neighborhood in over 40 years, and the opening of Woodlawn Station, a new transit-oriented development consisting of 75 mixed-income units and 15,000 square feet of retail space. The development of Woodlawn Station was led by NH&RA memberPreservation of Affordable Housing, Inc. (POAH) and financed, in part, through HUD’s Choice Neighborhoods Initiative.

Gorman & Company announced the hire of Ron Clewer to lead its Illinois state market as Andre Blakely, former Illinois Market President, will lead Gorman’s national public housing redevelopment platform.

The Illinois Housing Development Authority (IHDA) opened its 2019 Low Income Housing Tax Credit (LIHTC) multifamily application portal for all approved Preliminary Project Assessments. The deadline for submitting an application is Feb. 15, 2019 by 5 p.m. CT.

The Authority had a very productive 2018 and would like to thank you for your commitment to creating and preserving affordable housing in the state of Illinois. The success of our mission would not be possible without your help. The Authority is in the process of reviewing its 2019 pipeline of deals seeking tax-exempt bonds […]

A total of $15,000,000 in tax credits per year are available from 2019 to 2023.

The Illinois Housing Development Authority (IHDA) is requesting feedback from IHC member developers on if and how income averaging would be beneficial to your projects. A survey is linked.