Qualified Allocation Plan (QAP)

The Grove Apartments (Oak Park)

2026 Qualified Allocation Plan (QAP)

IHDA is pleased to make available a draft of its 2026 Qualified Allocation Plan (QAP).

2026 Draft Qualified Allocation Plan (QAP)

  • The public comment period was May 9, 2025, until 5:00 p.m. CST on June 9, 2025.

IHDA held  a virtual Public Hearing to gather comments on this draft.  It was held at 10:00 a.m. on Wednesday, May 28, 2025, via Microsoft Teams.

Please direct questions to QAPFeedback@ihda.org.

2024-2025 QAP

The Qualified Allocation Plan (QAP) sets forth the criteria for evaluating all projects that apply for a tax credit allocation.  The QAP sets forth the rules under which IHDA offers affordable housing development funding in the form of federal Low Income Housing Tax Credits (LIHTC). The QAP describes the selection criteria and application requirements for receiving these federal tax credits and tax-exempt bonds.  The QAP takes effect upon the approval of the IHDA board and the governor.

2024-2025 Qualified Allocation Plan (QAP)

  • 2024-2025 Approved QAP.

For previous QAPs, please visit our Developer Resource Center.

For more information on how to submit an application for tax credits or IHDA financing, please visit our Applying For Tax Credits Or Other Multifamily Housing Programs page.

IRS regulations for the federal tax credit program are found in Section 42 of the Code of 1986, as amended. Additionally, state rules governing the LIHTC program are found in the Illinois Administrative Code, Title 47, Chapter II, Part 350.