(312) 836-5200

At IHDA, we know that your home is more than four walls and a roof. It’s the place where you put down roots, build your future and create memories.

Vibrant communities around the state typically share these common traits: citizens are engaged; neighborhoods are safe and schools are thriving.

Developers of multifamily housing are essential partners in IHDA’s mission to provide safe and affordable rental housing across Illinois.

IHDA offers a number of homebuyer programs that might make the difference in your client’s ability to afford a new home.


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The Illinois Hardest Hit Program

Are you among the hardest hit and need help paying your mortgage? Help is available through the Illinois Hardest Hit program .  Homeowners who have experienced a 15% reduction in income due to a hardship may be eligible for up to $35,000 in reinstatement and/or ongoing monthly mortgage assistance while  working to regain financial stability.

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The New I-REFI Program

Sinking in an underwater mortgage? Receive $50,000 in federal assistance to buy down your mortgage and refinance into a loan you can afford through the I-REFI  program.  Funds are limited. Act today! Find a lender at www.ihda.org/irefi .

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One-Stop Plus

Developers of affordable rental housing now have another financing option with the One-Stop Plus structure program. One-Stop Plus is a short-term, interest-only tax-exempt loan arranged by IHDA along with a permanent, taxable IHDA Federal Financing Bank (FFB) Mortgage with up to a 40-year fully amortizing loan term. Learn about One-Stop Plus on our First Mortgage Loan Programs page.