- General Information:
- Application for Financing
- Recently Approved Projects
- Program Timelines
- Tax Credit Programs:
- Low-Income Housing Tax Credits (LIHTC)
- Illinois Affordable Housing Tax Credit (IAHTC)
- First Mortgage Programs:
- Tax Exempt Bond Programs
- Multifamily Advantage
- Soft Money & Subsidy Programs:
- HOME
- Trust Fund
- CDBG Disaster Recovery Program
- Permanent Supportive Housing Program
- Long Term Operating Support Program (LTOS)
- Preservation Now Program
- Technical Resources:
- Architecture and Construction Services
- Market Research
- LIHTC Compliance
- Loan Modification
- Other Developer Information:
- Useful Links
Trust Fund
Created by the Illinois General Assembly in 1989, the Illinois Affordable Housing Trust Fund assists in the creation and preservation of affordable, decent and safe housing for low- and very low-income households.
The Trust Fund revenue is generated from half of the state real estate transfer fee.
The U.S. Census data for Illinois determines the resource distribution targets for the Trust Fund. The approximate distribution target, assuming adequate demand, is:
64 percent of available funding: Metropolitan Chicago counties
18 percent of available funding: Other metropolitan counties
18 percent of available funding: Non-metropolitan counties
Program rules and guidelines
Rules governing the Trust Fund program are found in the Illinois Administrative Code, Title 47, Chapter II, Part 360.
Demand for Trust Fund financing typically exceeds its availability in Illinois, and proposals leveraging Trust Fund dollars with money from other sources are strongly encouraged and receive priority. Please note applications may not receive funding, and those funded may receive less than the full amount requested.
Applying for Trust Fund
Please view the application for multifamily financing and program timelines to apply.