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Illinois Mortgage Help
Info for Home Owners
Illinois Housing Development Authority
The Illinois Housing Development Authority finances the creation and the preservation of affordable housing throughout the state and increases the supply of decent and safe places for people of low or moderate means to live.
IHDA has helped finance more than 150,000 units of affordable housing, with more than $6.4 billion. While we have helped bring affordable housing to every county in the state, IHDA does not own property, rent apartments or manage buildings. We are strictly a financing entity, and help to finance affordable housing through homeownership programs targeted at low- or moderate-income households, or with multifamily development financing to help developers build rental properties for at-need populations.
As an independent and self-supporting Authority, IHDA accomplishes its mission through a number of federal and state funding sources, including:
- the Illinois Affordable Housing Trust Fund
- the Illinois Affordable Housing Donations Tax Credit Fund
- the allocation of federal Low Income Housing Tax Credits
- federal HOME Investment Partnership Program funds and others.
IHDA also independently sells bonds, based on its own good credit rating, to access capital from the private markets to finance affordable housing across the state.
Illinois Housing Development Authority
News about Home Loans
Governor Blagojevich Announces New Affordable Housing Options for Madison County Residents VENICE, IL – Less than two months after a state-funded affordable housing development for low-income families and people with disabilities opened in Alton, Governor Rod R. Blagojevich today announced funding for another two new affordable housing developments that will increase housing options for approximately one hundred families in Madison County. More than $17 million in low-interest loans and tax credit equity will help build two new housing developments in Venice and Granite City that will help Illinoisans through the tough economic times and create safe, decent and affordable rental homes for low-income families and people with disabilities.
New Housing Development Funding
