Newsroom

Latest News

 

Welcome to IHDA’s resource center for media professionals and others interested in the Authority’s news and events. IHDA offers a variety of resources to keep you up to date on current, future, and past happenings with IHDA and in the affordable housing industry.

Members of the media should direct all requests and inquiries to:

Cami Freeman
Director of Marketing and Communications

E-mail: cfreeman@ihda.org

Phone: (312) 836-7411

If you are requesting information under the Freedom of Information Act (FOIA), please see the FOIA section.

 

 

2016 News Releases

Federal Program Offers $50,000 to Homeowners with Underwater Mortgages

Illinois’ I-Refi program provides $50,000 in forgivable assistance to help borrowers reduce what they owe on their mortgage and refinance into new affordable loan

February 2, 2017

 

Governor Rauner Signs Bipartisan Legislation to Extend the Illinois Affordable Housing Tax Credit

SB2921 encourages donations of private capital to finance affordable housing developments across Illinois

December 20, 2016

 

Illinois Housing Development Authority Awards Federal Tax Credits to Increase Affordable Housing Statewide

30th Year of the Low-Income Housing Tax Credit Program Will Support the Construction and Rehabilitation of 784 Affordable Apartments across Illinois

September 30, 2016

 

Illinois Housing Development Authority Announces Re-Opening of its Mortgage Assistance Program to Help Homeowners Avoid Foreclosure

Up to $35,000 in Mortgage Assistance Available to Qualifying Homeowners

July 22, 2016

 

Illinois Housing Development Authority Announces Refinance Program for Underwater Homeowners

Illinois’ I-Refi Program Provides $50,000 in Mortgage Assistance to Help Responsible Borrowers Refinance into an Affordable Loan

July 12, 2016

 

Illinois Receives $269 million in Federal Hardest Hit Funds to Continue Assistance to Struggling Homeowners and Stabilize Communities
More struggling homeowners and communities in Illinois affected by foreclosures will receive financial assistance as a result of the U.S. Department of the Treasury’s announcement today to allocate an additional $151 million in Hardest Hit Funds (HHF).

April 20, 2016

 

Illinois Housing Development Authority Awards Federal Tax Credits to Finance Affordable Housing Statewide
The Illinois Housing Development Authority (IHDA) Board of Directors on April 15 awarded $12.2 million in federal Low-Income Housing Tax Credits (LIHTC) to 11 affordable housing developments in eight counties across the state.

April 19, 2016

 

IHDA Annual Report Fiscal Year 2015
IHDA unveils its first all-digital annual report. Click the read more below to see our highlights from Fiscal Year 2015.

March 21, 2016

 

Federal Dollars Put to Work
The Illinois housing market closed on a high note, with December posting increases in both sales and median prices.

March 21, 2016

 

Illinois Housing Development Authority Board Names New Executive Director
The Members of the Illinois Housing Development Authority (IHDA) today voted to appoint Audra Hamernik as the new executive director of the state’s housing finance agency.

February 19, 2016

 

2015 News Releases

Thirteen Developments Receive Federal Tax Credits to Boost Affordable Housing in Illinois

Federal Tax Incentive Will Support the Construction and Rehabilitation of 860 Affordable Apartments Statewide.

October 20, 2015

 

IHDA Launches Mortgage Program to Boost Homebuying in Hardest Hit Areas and Stabilize Communities

$30 Million in Federal Resources to Fund Down Payment Assistance for First-Time Buyers in Illinois.

August 4, 2015

 

Governor Rauner Outlines Plan for Transformation at Annual Affordable Housing Conference

Addresses Housing Industry Leaders on Job Creation, Education and Delivering Value for Taxpayers throughout the State.

April 1, 2015

 

Illinois Housing Development Authority Announces New Mortgage Program for Home Buyers and Owners

@HomeIllinois Mortgage Provides $5,000 in Down Payment Assistance and Customizable Loans to Make Homeownership Affordable for All Borrowers.

March 3, 2015

 

2017 Industry News:

Grant to help demolish blighted properties in Rockford

Rockford Register Star

February 23, 2017

 

Corporate Tax Cut Would Hit Financing Of Low-Income Housing

Medill Reports Chicago

February 22, 2017

 

Historic Illinois Hospital Comes Back as Affordable Housing

Affordable Housing Finance

February 21, 2017

 

Sterling council OKs bids to raze more houses

SaukValley.com

February 21, 2017

 

Ottawa eyesore house slated for cleanup

MyWebTimes.com

February 15, 2017

 

New program to help Illinois underwater homeowners

WREX.com/Channel 13 News – Rockford

February 9, 2017

 

Federal program offers $50K to Rockford-area with underwater mortgages

Rockford Register Star

February 8, 2017

 

Help guide clients to IHDA assistance with underwater mortgages

Illinois Realtors Blog

February 3, 2017

 

New program to help people with underwater mortgages in Rockford

WREX.com/Channel 13 News – Rockford

February 2, 2017

 

Program helping underwater homeowners

WIFR.com/Channel 23 News – Rockford

February 2, 2017

 

New Aurora senior living center called ‘a gem’

Chicago Tribune

January 31, 2017

 

IHDA Lends a Hand to Underwater Homeowners

Elgin Patch

January 31, 2017

 

Evergreen Real Estate Opens $24M Seniors Housing Property in Aurora, Illinois

REBusiness

January 31, 2017

 

Senior apartments in Aurora set for grand opening

Chicago Tribune/Aurora Beacon-News

January 25, 2017
Morning Briefing: 7 per cent rise for US home prices

Mortgage Professional America

January 20, 2017

 

BMO Harris Bank Partners with Illinois Housing Development Authority to Assist Homeowners Who Owe More than the Home’s Value

Yahoo Finance

January 18, 2017

 

State-run I-Refi offers relief for underwater homeowners

Chicago Tribune/Courier News

January 12, 2017

 

Rockford’s Longwood Plaza to remain under local control, for now

Rockford Register Star

January 10, 2017

 

Freeport Mayor’s View:  Public safety and improving neighborhoods were priorities in 2016

Freeport Journal Standard

January 7, 2017

 

Habitat for Humanity of Illinois awarded $1 million grant

Kendall County Now

January 5, 2017

 

2016 Industry News:

State Program Helps Naperville’s Hardest Hit

Naperville Community Television

December 16, 2016

 

Aurora Arts Centre construction could begin next summer

Daily Herald

December 14, 2016

 

Extend tax credit to give new life to historic properties in Aurora, Elgin

The Courier-News

December 11, 2016

 

Aldermen look at agreements for downtown Aurora arts center project

Aurora Beacon-News

December 1, 2016

 

General Assembly reauthorizes historic tax credit program

Aurora Beacon-News

December 1, 2016

Freeport Housing Authority apartments to see $20 million in renovations

Freeport Journal-Standard

November 30, 2016

 

The fight against blight in Sterling

SaukValley.com

November 28, 2016

 

Senior housing development in the works for O’Fallon

Belleville News-Democrat

November 27, 2016

 

Construction of New Star apartments likely to start early in 2017

Homewood-Flossmoor Chronicle

November 25 2016

 

Several Aurora projects may be helped if state tax credit program is extended

The Aurora Beacon-News

November 17, 2016

 

Westport Village officials to detail rehab project on Nov. 7

Peoria Journal Standard

October 27, 2016

 

Planners accepting early applications for senior housing in Woodridge

Chicago Tribune

October 26, 2016

 

Anticipation mounts for newly approved Batavia senior apartment project

Kane County Chronicle

October 25, 2016

 

City approves housing grant

Mt. Vernon Register-News

October 24, 2016

 

Soon to expire housing tax credit subject of Senate hearing

Illinois Senate Democrats

October 21, 2016

 

Senior Apartment Living Planned For Area Near MetroLink Station

Herald Publications

October 20, 2016

 

Thank you for supporting the DTC

The Chicago Rehab Network

October 20, 2016

 

Evergreen Nears Completion of $24M Conversion of Historic Hospital to Independent Living in Illinois

REBusinessonline.com

October 14, 2016

 

Senior apartment plan moving forward in Batavia

Kane County Chronicle

October 13, 2016

 

Rockford on pace to demolish 100 or more shabby homes in 2016

Rockford Register Star

October 13, 2016

 

Downtown Sterling revitalization milestone

SaukValley.com

October 13, 2016

 

Illinois Housing Development Authority Awards Tax Credits to Senior Living Facility in Yorkville

WSPY.com

October 13, 2016

 

Transformation of historic former hospital in Aurora marks a milestone

The Courier-News

October 12, 2016

 

Yorkville senior apartment complex receives federal tax credits

Kendall County Now

October 12, 2016

 

Aurora could demolish East Side house

The Beacon-News

October 11, 2016

 

Burlington seeking grant to help with abandoned properties

The Courier-News

October 6, 2016

 

12 Developments Receive LIHTCs in Illinois

Affordable Housing Finance

October 6, 2016

 

Applications being taken for tax credit homes

Macoupin County Enquirer – Democrat

October 6, 2016

 

Lawrence Lofts construction begins; public invited to groundbreaking

SaukValley.com

October 3, 2016

 

Ribbon-cutting celebrates Casa Heritage in Melrose Park

Franklin Park Herald-Journal/Chicago Tribune

October 3, 2016

 

Macoupin Housing Services cuts ribbons

Macoupin County Enquirer – Democrat

September 29, 2016

 

Groundbreaking held for Channahon senior housing facility

Morris Herald-News

September 28, 2016

 

In danger: Incentives that help save blighted neighborhoods

Crain’s Chicago Business

September 23, 2016

 

Construction begins on St. Elizabeth Residences senior community in Channahon

The Herald-News

September 22, 2016

 

SWIDA to Develop Seniors Housing Near Swansea MetoLink Station in Metro St. Louis 

REBusiness Online

September 22, 2016

 

$10.5 million ‘transit-oriented’ senior apartments to be built in Swansea

St. Louis Business Journal

September 20, 2016

 

Senior housing planned at Swansea MetroLink station

St. Louis Post-Dispatch

September 20, 2016

 

Senior apartments to be built near metro-east MetroLink station

Belleville News-Democrat

September 20, 2016

 

Senior apartments to be built near metro-east MetroLink station

KSDK.com

September 20, 2016

 

Senior Living Center Coming Soon Near Swansea MetroLink Station

CBS Local-St.Louis

September 20, 2016

 

Chicago Defender

September 20, 2016

 

Preservation of Affordable Housing

September 19, 2016

 

Daily Herald

September 17, 2016

 

Aurora gets $15 million tax credit for Arts Center project 

Chicago Tribune/Aurora Beacon News

September 16, 2016

 

Home State Bank facilitates I-Refi program to help “under water” homeowners

Northwest Herald

September 15, 2016

 

Chicago Development Brings Accessible, Adaptable Housing to Disabled

Affordable Housing Finance

September 14, 2016

 

Marquette Bank Selected as Approved Lender to Help Homeowners with Underwater Mortgages

Chicago Tribune

September 12, 2016

 

How developers are rebuilding affordable units 20 years after Chicago began to dismantle its public housing

The Architects Newspaper

September 8, 2016

 

Novak Construction breaks ground on new affordable senior living apartments in Richmond, Illinois

REJournals.com

September 6, 2016

 

South New Towne (The Grove) housing complex breaks ground

WREX.com

August 30, 2016

 

Developer Gary Gorman pledges to be good neighbor on Rockford’s New Towne Drive

Rockford Register-Star

August 30, 2016

 

Novak Construction Digs In with Full Circle Communities at Official Groundbreaking for Creekview Apartments

PRNewswire

August 30, 2016

 

State tosses $50,000 life preserver to underwater homeowners

Loop North News

August 19, 2016

 

Brown: Northwest Side community group can afford to take a bow

Chicago Sun-Times

August 16, 2016

 

Humboldt Park Affordable Development A New Home For Veterans

DNA Info

August 10, 2016

 

Illinois’s Hardest Hit Program Re-Opens for Mortgage Assistance

Beverly-Mt. Greenwood Patch

August 2, 2016

 

$12M redevelopment plan for Belleville’s Meredith Home moves forward

Belleville News-Democrat

August 1, 2016

 

Funding helps GROWTH assist RI homeowners

Quad City Times

July 26, 2016

 

Renovated foreclosed homes now for lease

The Pantagraph

July 23, 2016

 

Illinois reopens program for struggling homeowners

Chicago Tribune

July 22, 2016

 

Residents can apply for mortgage help through Illinois Hardest Hit program

WAND TV

July 22, 2016

 

Senators Durbin, Kirk Announce Reopening Of Illinois Hardest Hit Program

Fox Illinois (Ch 55 & 27)

July 22, 2016

 

Elgin OKs plan for housing project for seniors

Daily Herald

July 15, 2016

 

Program helps homeowners with mortgage payments

WEEK.com

July 14, 2016

 

Illinois housing agency offers help to underwater homeowners 

Fox Illinois (Ch 55 & 27)

July 14, 2016

 

Illinois Housing Development Authority to offer refinancing program for struggling homeowners

WREX.com – NBC Rockford

July 13, 2016

 

Illinois housing agency offers help to underwater homeowners 

St. Louis Post-Dispatch

July 13, 2016

 

Illinois housing agency offers help to underwater homeowners 

Peoria Public Radio – WCBU 89.9

July 13, 2016

 

Illinois housing agency offers help to underwater homeowners 

Terre Haute Tribune Star

July 13, 2016

 

Ohio nonprofit planning Elgin senior apartment building

Elgin Courier-News

July 12, 2016

 

Illinois agency offers underwater homeowners up to $50000 in relief

Chicago Tribune

July 12, 2016

 

Housing agency offers $46 million to underwater homeowners

Crain’s Chicago Business

July 12, 2016

 

Old Paris High School graduating to senior housing

Terre Haute Tribune Star

July 10, 2016

 

Affordable Housing Development Opens In Avondale; We Need More, Rep Says

DNA Info Chicago

July 1, 2016

 

Affordable housing complex celebrates opening in Lake in the Hills

Northwest Herald

June 30, 2016

 

Gorman & Company closes on financing for New Towne Drive residential community

WIFR-Rockford

June 30, 2016

 

For the homeless, Glendale Commons expansion is ‘God-sent’

Peoria Journal Star

June 29, 2016

 

Lake in the Hills affordable housing project now complete

Daily Herald

June 28, 2016

 

Blight reduction efforts going strong in Rockford

Rockford Register Star

June 25, 2016

 

Huntley affordable housing project moves forward

Daily Herald

June 24, 2016

 

Tax Credit Funding Will Replace 37 Units

The Journal-News

June 13, 2016

 

Green Gables Ribbon Cutting

WGEL.com

June 10, 2016

 

Housing Authority of Elgin dedicates building named after Bob Gilliam

Elgin Courier News

June 9, 2016

 

Over The Rainbow Assocation Wins 2016 Chicago ULI Vision Award

Daily Southtown

June 9, 2016

 

Where Credit Is Due

Affordable Housing Finance

June 2, 2016

 

Redeveloped apartments to provide housing to low-income families in North Chicago

Chicago Tribune

June 2, 2016

 

Lafayette Terrace Apartments gets a $5 million makeover

REJournals.com

May 31, 2016

 

Evergreen Real Estate Group Completes $3.3M Renovation of 72-Unit Affordable Housing Property

REBusiness Online

May 31, 2016

 

Evergreen Renovates IL Affordable Community

Multi-Housing News

May 26, 2016

 

WSIU InFocus: Poverty and Housing Issues Go Hand in Hand

WSIU.com/NPR

May 25, 2016

 

The Hourly Wage Needed to Rent a 2-Bedroom Apartment Is Rising

Citylab

May 25, 2016

 

Cantwell, Hatch Introduce Major LIHTC Expansion Bill

Affordable Housing Finance

May 19, 2016

 

Vacant Morton nursing home to become senior housing

Peoria Journal-Star

May 13, 2016

 

The Mentally Ill Need Supportive Affordable Housing

The New York Times

May 9, 2016

 

Upcoming Woodlawn TOD to Feature 70 Low-Income Apartments

Curbed Chicago

May 7, 2016

 

Demolitions for blighted Freeport homes slated for Monday

Freeport Journal Standard

May 5, 2016

 

Feds’ help for struggling homeowners ‘too little, too late’

Chicago Real Estate Daily/Crain’s Chicago Business

May 5, 2016

 

How Affordable Housing Benefits Low-Income Neighborhoods

How Housing Matters

May 5, 2016

 

HUD Allocates $174 Million to States Through New Housing Trust Fund

HUD.gov

May 4, 2016

 

Why Does Random Chance Decide Who Gets Housing Subsidies?

WBEZ.com

May 3, 2016

 

HFA Program Loans Exempt from Final USDA QM Rule

National Council of State Housing Agencies (NCSHA) News Update

May 3, 2016

 

Aurora seeks to get two houses torn down

Aurora Beacon-News

May 2, 2016

 

The Real Voucher Challenge Is Segregation, Not Lake Views

How Housing Matters

April 28, 2016

 

IHDA Awards $12.2 Million in Low-Income Housing Tax Credits

Affordable Housing Finance

April 25, 2016

 

Struggling Illinois Homeowners get extra $151 million in federal help

Chicago Tribune

April 21, 2016

 

Rockford likely to get more aid to fight blight, foreclosures

Rockford Register Star

April 20, 2016

 

Council passes housing ordinances

The Western Courier

April 20, 2016

 

Aurora may accept donated house for demolition

Aurora Beacon-News

April 13, 2016

 

Good Night, Blight! Vacant Evanston Homes to be Demoished

Evanston Patch

April 11, 2016

 

Freeport City Council approves bids to demolish 11 properties

Freeport Journal-Standard

April 5, 2016

 

Gayle Carper: ‘I want Macomb to look good’

The McDonough County Voice

April 5, 2016

 

Tiny Homes Summit to focus on housing designs to combat homelessness

Windy City Times

March 29, 2016

 

People on the Move 3.28.16

Affordable Housing Finance

March 28, 2016

 

The Great QAP Debate:  The View from Illinois

Affordable Housing Finance

March 24, 2016

 

Joliet Blight Reduction Program 2 approved

The Shorewood Sentinel

March 22, 2016

 

New duplexes breathe fresh life into Peoria’s East Bluff

Peoria Journal Star

March 15, 2016

 

East Bluff Welcomes Its Newest Neighbors

Peoria Public Radio

March 15, 2016

 

Low rates, new programs assist homebuyers

Chicago Daily Herald

March 14, 2016

 

Housing authority development

Chicago Daily Herald

March 13, 2016

 

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