Qualified Allocation Plan (QAP)

The Grove Apartments (Oak Park)

The Qualified Allocation Plan (QAP) sets forth the criteria for evaluating all projects that apply for a tax credit allocation.  The QAP sets forth the rules under which IHDA offers affordable housing development funding in the form of federal Low Income Housing Tax Credits (LIHTC). The QAP describes the selection criteria and application requirements for receiving these federal tax credits and tax-exempt bonds.  The QAP takes effect upon the approval of the IHDA board and the governor.

2024-2025 Qualified Allocation Plan (QAP)

  • 2024-2025 Approved QAP.

2024-2025 QAP Summary of Changes

  • This provides a summary of changes between the 2022-2023 QAP and the 2024-2025 QAP.

Public Comments and Responses to IHDA’s draft of the 2024-2025 Qualified Allocation Plan

  • As part of the QAP planning and writing process, the Illinois Housing Development Authority held a public hearing and a respective 30-day public comment period in which the affordable housing development community was able to review a draft of the 2024-2025 QAP and comment accordingly. These are the comments received with IHDA’s response.

For previous QAPs, please visit our Developer Resource Center.

For more information on how to submit an application for tax credits or IHDA financing, please visit our Applying For Tax Credits Or Other Multifamily Housing Programs page.

IRS regulations for the federal tax credit program are found in Section 42 of the Code of 1986, as amended. Additionally, state rules governing the LIHTC program are found in the Illinois Administrative Code, Title 47, Chapter II, Part 350.