- 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
Market Research
For projects applying for an allocation of tax credits and/or some other type of financing available through IHDA, an independent third party is required to perform a site and market study.
Site and Market Study
Projects intending to apply for tax credits must include a self-commissioned site and market study with their application. IHDA will commission a study for projects that do not apply for tax credits. IHDA provides a list of approved market analysts who have responded to an RFP and have shown they are well qualified to provide these services at a reasonable price.
The site and market study is prepared according to one of three formats. The first format is for acquisition/rehabilitation projects with occupancy of 80 percent or greater, projects of 12 units or fewer, or supportive housing set-aside projects. The second format is for supportive living facilities (SLF) for elderly. The third format is generally for all other projects.
The site and market study reviews the affordability of the proposed rents, determines the pool of eligible renter households, identifies and compares competitive properties and assesses the proposed property's likely impact on existing IHDA properties in the market area.