IHDA is pleased to announce a request for applications for its Cooperative (Co-Op) Housing Share Loan Program.

IHDA is seeking to partner with a Federally certified Community Development Financial Institution (CDFI) that currently offers a share loan product tailored to the needs of Co-op buyers and has at least 3 years’ experience doing so. In support of the partnership, IHDA will lend $1.0 million (0% interest rate, 10-year term with the option to renew) to the CDFI. By further capitalizing the CDFI’s share loan fund, the Authority will make it possible for the CDFI to offer financing to additional households seeking to purchase cooperative housing units.

Responses must be submitted to IHDA by April 17, 2026 by 5:00 p.m. Any federally certified CDFI interested in applying should review the request for applications and contact shareloanrfa@ihda.org with any questions.

A completed version of this Request for Application document and any required attachments will constitute the application by the CDFI. Only cells highlighted in blue should be filled out. The application must be submitted electronically by email sent to shareloanrfa@ihda.org. Hard copy materials will not be accepted.