Soft Funds

Waters Edge of South Elgin (South Elgin)

Projects applying for 9% LIHTC may leave a financial gap and IHDA will fill the gap at its discretion assuming resources are available. Soft fund resources may include the Federal HOME Program and the Illinois Housing Trust Fund Program.

Please note that the Illinois Housing Development Authority has paused accepting requests for soft funds. Currently, IHDA’s subordinate debt resources are over-subscribed. This change is effective immediately and will continue until further notice. We appreciate your understanding and continued partnership. Please reach out to multifamilyfin@ihda.org if you have further questions.