The Illinois Housing Development Authority (IHDA) is pleased to share the 2026 Qualified Allocation Plan (QAP). IHDA’s QAP sets the evaluation criteria and process for awarding Low-Income Housing Tax Credits (LIHTC), a critical funding tool for the State of Illinois that is utilized to support affordable housing development.
The IHDA Board approved awards totaling $24 million in federal Low-Income Housing Tax Credits (LIHTC) and an additional $39 million in federal and state subordinate resources that will finance the creation and preservation of 16 affordable housing developments in 11 counties throughout Illinois.
Buying a home? IHDA Mortgage programs can be used for assistance OR closing costs OR both! Even if you have 20% down saved, we can still help with closing costs.
All our programs are available statewide and you may use any approved IHDA lender to fund your home purchase. Learn about our IHDA Mortgage programs today!
IHDA has launched a Bond Recycling Program to maximize the use of tax-exempt bonds for affordable housing projects. The program is designed to preserve and recycle prior year(s) tax-exempt bond volume cap that would otherwise expire upon repayment of construction financing, resulting in the redemption of those bonds..
Recycled Bonds are subject to availability and must follow the rules outlined in the Bond Recycling Program Term Sheet. Learn more here.
Click here to visit our new Investor Relations page and learn about our Credit Ratings, Social Bonds, Bond Issuances, and more.
111 E. WACKER DRIVE,
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