Investment with IHDA
We thank you for your interest in bonds issued by IHDA as they allow us to further our mission. We are committed to maintaining our strong bond ratings and fostering transparency with the investor community and the public at large. Your support enables us to create stronger, more vibrant communities throughout Illinois. We value your partnership in achieving these goals.
Financial Information
Audited Financial Statements
FY2024 Audited Annual Comprehensive Financial Report (ACFR)
Performed by IHDA Finance and Accounting Staff, CliftonLarsonAllen LLP
FY2023 Audited Annual Comprehensive Financial Report (ACFR)
Performed by IHDA Finance and Accounting Staff, CliftonLarsonAllen LLP
FY2022 Audited Annual Comprehensive Financial Report (ACFR)
Performed by IHDA Finance and Accounting Staff, CliftonLarsonAllen LLP
FY2021 Audited Annual Comprehensive Financial Report (ACFR)
Performed by independent auditors, CliftonLarsonAllen LLP
FY2020 Audited Financial Statement
Performed by independent auditors, CliftonLarsonAllen LLP
FY2019 Audited Financial Statement
Prepared by independent accountants, KPMG
FY2018 Audited Financial Statement
Prepared by independent accountants, KPMG
FY2017 Audited Financial Statement
Prepared by independent accountants, KPMG
FY2016 Audited Financial Statement
Prepared by independent accountants, KPMG
FY2015 Audited Financial Statement
Prepared by independent accountants, KPMG.
FY2014 Audited Financial Statement
Prepared by independent accountants, KPMG.
Credit Ratings
IHDA Credit Ratings
As of January 2025
| | Issuer Credit Rating | Revenue Bonds | Multifamily Revenue Bonds | Homeownership Mortgage Revenue Bonds | Housing Bonds | Multifamily Initiative Bonds | Housing Revenue Bonds | Affordable Housing Program Trust Fund Bonds |
|---|---|---|---|---|---|---|---|---|
| Moody’s Investors Service | Aa3 (stable) | Aaa (stable) | Aaa (stable) | Aa2 (stable) | Aa3 (stable) | Aaa (negative) | NR | NR |
| Standard & Poor’s | AA (stable) | NR | NR | AA+ (stable) | AA+ (stable) | NR | NR | AA+ (stable) |
| Fitch Ratings | AA (stable) | NR | NR | NR | NR | NR | AA+ (stable) | NR |
Official Statements (OS)
The following are the most recent Official Statements from the past two years. Additional Official Statements may be found on EMMA
Municipal Securities Rulemaking Board: EMMA
2024 Official Statements
Revenue Bonds 2024 Series I (Non-AMT) (Social Bonds) & Series J (Taxable) (Social Bonds)
Issue Date – December 17, 2024
Multifamily Revenue Bonds 2024 Series H-1 (Non-AMT) & H-2 (Taxable)
Issue Date – December 11, 2024
Multifamily Revenue Bonds, 2024 Series E
Issue Date – August 1, 2024
Multifamily Revenue Bonds, Series 2024C
Issue Date – July 16, 2024
Revenue Bonds Series 2024C & 2024D
Issue Date – May 1, 2024
Revenue Bonds 2024 Series B (Taxable) (Social Bonds)
Issue Date – February 21, 2024
Revenue Bonds 2024 Series A (Non-AMT) (Social Bonds)
Issue Date – February 13, 2024
2023 Official Statements
Revenue Bonds, 2023 Series N/O/P Bonds
Issue Date – November 8, 2023
Revenue Bonds, 2023 Series K/L/M Bonds
Issue Date – October 25, 2023
Revenue Bonds, 2023 Series H/I/J Bonds
Issue Date – August 3, 2023
Revenue Bonds, 2023 Series D/E/F/G Bonds
Issue Date – June 1, 2023
Revenue Bonds, 2023 Series A/B/C Bonds
Issue Date – March 29, 2023
Multifamily Revenue Bonds, 2023 Series B/C Bonds
Issue Date – February 9, 2023
Disclosure Reports
Quarterly comprehensive reports and additional disclosures may be found on EMMA.
Multifamily Fiscal Year Reports
Housing Bonds
FY2015 Second Quarter Report (As of 12/31/14)
Housing Bonds Report for second quarter of FY2015.
FY2015 Third Quarter Report (As of 3/31/15)
Housing Bonds Report for third quarter of FY2015.
FY2015 Fourth Quarter Report (As of 6/30/15)
Housing Bonds Report for fourth quarter of FY2015.
FY2016 First Quarter Report (As of 9/30/15)
Housing Bonds Report for first quarter of FY2016.
Affordable Housing Program Trust Fund Bonds
FY2015 Second Quarter Report (As of 12/31/14)
Affordable Housing Program Trust Fund Bonds Report for second quarter of FY2015.
FY2015 Third Quarter Report (As of 3/31/15)
Affordable Housing Program Trust Fund Bonds Report for third quarter of FY2015.
FY2015 Fourth Quarter Report (As of 6/30/15)
Affordable Housing Program Trust Fund Bonds Report for fourth quarter of FY2015.
FY2016 First Quarter Report (As of 9/30/15)
Affordable Housing Program Trust Fund Bonds Report for first quarter of FY2016.
Multifamily Bonds
FY2013 First Quarter Report (As of 9/30/2012)
Multifamily Bonds Report for first quarter of FY2013.
FY2013 Second Quarter Report (As of 12/31/2012)
Multifamily Bonds Report for second quarter of FY2013.
FY2013 Third Quarter Report (As of 3/31/13)
Multifamily Bonds Report for third quarter of FY2013.
FY2013 Fourth Quarter Report (As of 6/30/13)
Multifamily Bonds Report for fourth quarter of FY2013.
Multifamily Initiative Bonds
FY2015 Second Quarter Report (As of 12/31/2014)
Multifamily Initiative Bonds Report for second quarter of FY2015.
FY2015 Third Quarter Report (As of 3/31/2015)
Multifamily Initiative Bonds Report for third quarter of FY2015.
FY2015 Fourth Quarter Report (As of 6/30/15)
Multifamily Initiative Bonds Report for fourth quarter of FY2015.
FY2016 First Quarter Report (As of 9/30/15)
Multifamily Initiative Bonds Report for first quarter of FY2016.
Homeownership Fiscal Year Reports
Homeowner Mortgage Revenue Bonds
FY2015 Second Quarter Report (As of 12/31/2014)
Homeowner Mortgage Revenue Bonds Report for second quarter of FY2015.
FY2015 Third Quarter Report (As of 3/31/2015)
Homeowner Mortgage Revenue Bonds Report for third quarter of FY2015.
FY2015 Fourth Quarter Report (As of 6/30/15)
Homeowner Mortgage Revenue Bonds Report for fourth quarter of FY2015.
FY2016 First Quarter Report (As of 9/30/15)
Homeowner Mortgage Revenue Bonds Report for first quarter of FY2016.
Financial Accountability Reports
Financial Accountability – (1/31/2025)
Monthly report prepared to comply with the Accountability for the Investment of Public Funds Act (Public Act 93-0499).
Social Bonds
Learn about our environmental, social, and governance program, and how we bring those values to life with green bonds, sustainable projects, and more.
About Our Program
Cumulative Social Bonds issued from January 1, 2021 to October 31, 2023$2,113 million
Cumulative Sustainability Bonds issued from January 1, 2022 to October 31, 2023$39.6 million
Cumulative Multifamily Social Bonds issued from January 1, 2022 to October 31, 2023$23.6 million
To highlight IHDA’s impact and attract capital to support its mission, IHDA introduced its Social Bonds designation in 2021 for bonds issued to finance homeownership loans. In 2022, IHDA introduced its Sustainability Bonds designation for bonds issued to finance loans to developers of affordable multifamily rental developments. IHDA also periodically uses a Social Bonds designation for certain bonds issued under its Multifamily Program. The following table provides a summary of IHDA’s issuance of Social Bonds and Sustainability Bonds (collectively, “Impact Bonds”) under both its Homeownership and Multifamily Programs.
Active Bonds
There are currently no active bonds at this time.
Archived Bonds
The following are the archived bonds from 2023. Additional archived bonds may be found on EMMA.
Municipal Securities Rulemaking Board: EMMA
2023 Archived Bonds
| REVENUE BOND SERIES 2023 ABC | |||
| REVENUE BOND SERIES 2023 A | |||
| SALE DATE | PAR AMOUNT | METHOD OF SALE | TAX STATUS |
| Week of 02/26/2023 | $120,000,000 | Negotiated | Tax-Exempt |
| REVENUE BOND SERIES 2023 B | |||
| SALE DATE | PAR AMOUNT | METHOD OF SALE | TAX STATUS |
| Week of 02/26/2023 | $50,000,000 | Negotiated | Taxable |
| REVENUE BOND SERIES 2023 C | |||
| SALE DATE | PAR AMOUNT | METHOD OF SALE | TAX STATUS |
| Week of 03/26/2023 | $25,000,000 | Negotiated | Taxable |
| REVENUE BONDS 2023 SERIES D (NON-AMT), E (TAXABLE), F (TAXABLE) (VARIABLE RATE), & G (NON-AMT) (TERM RATE)* | |||
| 2023 SERIES D (NON-AMT) (SOCIAL BONDS) | |||
| SALE DATE | PAR AMOUNT | METHOD OF SALE | TAX STATUS |
| Week of 05/07/2023 | $100,000,000 | Negotiated | Tax-Exempt |
| 2023 SERIES E (TAXABLE) (SOCIAL BONDS) | |||
| SALE DATE | PAR AMOUNT | METHOD OF SALE | TAX STATUS |
| Week of 05/07/2023 | $86,580,000 | Negotiated | Taxable |
| 2023 SERIES F (TAXABLE) (VARIABLE RATE) (SOCIAL BONDS) | |||
| SALE DATE | PAR AMOUNT | METHOD OF SALE | TAX STATUS |
| Week of 05/07/2023 | $43,290,000 | Negotiated | Taxable |
| 2023 SERIES G (NON-AMT) (TERM RATE) (SOCIAL BONDS) | |||
| SALE DATE | PAR AMOUNT | METHOD OF SALE | TAX STATUS |
| Week of 05/07/2023 | $60,000,000 | Negotiated | Tax-Exempt |
| REVENUE BONDS 2023 SERIES K, L, & M | |||
| 2023 SERIES K (NON-AMT) (SOCIAL BONDS) | |||
| SALE DATE | PAR AMOUNT | METHOD OF SALE | TAX STATUS |
| Week of 10/01/2023 | $178,750,000 | Negotiated | Tax-Exempt |
| 2023 SERIES L (TAXABLE) (SOCIAL BONDS) | |||
| SALE DATE | PAR AMOUNT | METHOD OF SALE | TAX STATUS |
| Week of 10/01/2023 | $64,165,000 | Negotiated | Taxable |
| 2023 SERIES M (TAXABLE) (VARIABLE RATE) | |||
| SALE DATE | PAR AMOUNT | METHOD OF SALE | TAX STATUS |
| Week of 10/22/2023 | $32,085,000 | Negotiated | Taxable |
IHDA Impact Framework
IHDA Impact Framework for Social Bonds is a structured approach utilized to measure and report the social and financial outcomes of our social bond offerings.
IHDA Reports
IHDA Statewide Plans And Reports may be found here.
Get Issuer Alerts
If you’re interested in receiving updates regarding bond issuances please let us know. You may sign up to receive IHDA notifications by completing the online form here.
Contact Us
If you have questions regarding the information listed here, please feel free to contact us.
Shannon Jacobson
Director, Capital Markets
Seth Runkle
Chief Financial Officer
111 E. WACKER DRIVE,
HOURS:
