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.
SPOTLIGHT
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.
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.
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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