Multifamily Developer
Topics
- Application for Multifamily Financing
- Low-Income Housing Tax Credits (LIHTC)
- Illinois Affordable Housing Tax Credit (IAHTC)
- Federal HOME funds
- Illinois Affordable Housing Trust Fund
- MPC Program
- New Issue Bond Program (NIBP)
- Bonds
- CDBG Disaster Recovery Program
- Permanent Supportive Housing Development Program
- Long Term Operating Support Program (LTOS)
- Recently Approved Projects
- Architecture and Construction Services
- Program Timelines
- Market Research
- For Owners:
- LIHTC Compliance Monitoring
- Loan Modifications and Ownership Changes
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Mortgage Participation Certificate (MPC Program)
IHDA’s mortgage participation certificate (MPC) program is a taxable financing vehicle for new construction, acquisition, rehabilitation and/or the permanent financing of multifamily projects that have previously received an allocation of 9% low-income housing tax credits (LIHTC). Through the program, IHDA will originate and retain the mortgage note and sell (through a bidding process) an MPC representing a 100 percent ownership interest in that mortgage loan.
Program rules and guidelines
Authority rules governing the bond programs are found in the Illinois Administrative Code, Title 47, Chapter II, Part 310.
Applying for MPC
Please see the application for multifamily financing and program timelines to apply.