The NEW @HomeIllinois Mortgage
The new @HomeIllinois mortgage provides $5,000 in down payment assistance and customizable loans to make homeownership affordable for ALL borrowers. Read the press release and visit the new @HomeIllinois website to get started today!
Fannie & Freddie to Finance Housing Trust Fund
NEW - Credit Advantage and Affordable Advantage Programs
Credit Advantage and Affordable Advantage are two new first position mortgage financing options for the development or preservation of affordable rental housing. Find product information including the term sheets and indicative rates here.
IHDA Opportunity Areas
The Qualified Allocation Plan includes incentives to develop affordable housing in market areas that present new opportunities to low-income renters. The current IHDA Opportunity Areas and the metrics used to determine them are available in a fully searchable mapping tool.
2015 LIHTC Round I Approved Allocations
Congratulations to the all of the projects approved for 2015 Round I allocations of Low Income Housing Tax Credits. The full listing can be viewed here.
As a reminder, the 2015 Round II 9% LIHTC application deadline is July 31, 2015!