Low Income Housing Tax Credits & Private Activity Bonds in Illinois, 2015

Illinois Housing Development Authority (IHDA) offers several options for tax-exempt bond financing. In addition to accessing long term financing, qualifying projects can also receive an allocation of 4% Low Income Housing Tax Credits.

Projects contemplating 4% LIHTCs in their bond project must submit a Preliminary Project Assessment 90 days prior to full application submission. Authority rules governing the bond programs are found in the Illinois Administrative Code, Title 47, Chapter II, Part 365.  IHDA accepts tax-exempt applications on a rolling basis.

Tax Exempt Bond Programs include:

Contributed By: 
National Housing Trust

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