NEW - 1STHomeIllinois Loan Program
With the new 1STHomeIllinois loan program, first-time homebuyers in Boone, Cook, DeKalb, Fulton, Kane, Marion, McHenry, St. Clair, Will or Winnebago counties can get $7,500 in down payment assistance with a competitive interest rate for a secure, 30-year fixed rate mortgage. Read the press release.
NEW - Federal Financing Bank (FFB Mortgage) Risk-Sharing Program
The new Federal Financing Bank (FFB Mortgage) Risk-Sharing Program, Credit Advantage and Affordable Advantage are three first position mortgage financing options for the development or preservation of affordable rental housing. See the product information including the program guideline sheets and indicative rates.
The @HomeIllinois Mortgage
The @HomeIllinois mortgage provides $5,000 in down payment assistance and customizable loans to make homeownership affordable for ALL borrowers. Visit the @HomeIllinois website to get started today!
IHDA Opportunity Areas
The Qualified Allocation Plan includes incentives to develop affordable housing in market areas that present new opportunities to low-income renters. The current IHDA Opportunity Areas and the metrics used to determine them are available in a fully searchable mapping tool.
2016-2017 Draft Qualified Allocation Plan is now available for comment