Developer Resource Center
All projects seeking IHDA resources must submit a Preliminary Project Assessment (PPA) and/or an Application for review. In order to submit your PPA or Application, you must first request a Project ID (PID) and an account for IHDA Connect, the Authority’s document management web application. Once assigned a PID for your development proposal, and access to IHDA Connect is established, all documents should be uploaded electronically into IHDA Connect.
To request an account for IHDA Connect and a PID, please click here or visit https://ppa.ihda.org to fill out the online form. Here you will be able to list members of your development team to which you would like to grant access to interact with the PID. Please allow up to three business days to receive confirmation that the account and/or PID has been created. If you have not received your account information within three business days, please reach out to IHDAconnecthelp@ihda.org.
If you have an IHDA Connect account and have forgotten your password, please use the self-service password reset option beneath the credential fields at https://connect.ihda.org.
Low Income Housing Tax Credit (LIHTC) Resources
The Low-Income Housing Tax Credit (LIHTC) program was created by the United States Congress in 1986 to promote the development of affordable housing for low income individuals and families. The Internal Revenue Service (IRS) regulations for the Tax Credit program are found under Section 42 of the Code of 1986, as amended.
As an allocating agency for the Tax Credit program in Illinois, the Illinois Housing Development Authority (Authority) is required to publish a Qualified Allocation Plan (QAP) that details how it intends to award the tax credits. Pursuant to Section 42 of the Code, the QAP describes criteria the Authority considers in evaluating Projects and development teams applying for an Allocation of Tax Credits.
Low Income Housing Tax Credit (LIHTC) 9% and 4% Projects Timeline
The Illinois Housing Development Authority (IHDA) is pleased to announce tentative dates for 2024 9% Low-Income Housing Tax Credit (LIHTC) application round. Please see the key event deadlines for the 2024 9% LIHTC round below:
|PPA Deadline for 2024 LIHTC Applications
|December 8, 2023
|PPA Notification to Sponsors
|February 2, 2024
|2024 Applications Due
|March 29, 2024
|Clarification Period Notice / Responses Due
|May 13, 2023 – May 17, 2024
|Recommendations to Board
|July 19, 2024
PPA and Application Timeline 2024 4% LIHTC
- IHDA will accept 4% LIHTC applications on a rolling basis through 2024.
- Please see the Multifamily Transactions Timeframes for more information on application deadlines.
Preliminary Project Assessment (PPA) Documents
The Preliminary Project Assessment is the first step when applying for the Authority resource requests. All potential LIHTC (for both 4% and 9%) and soft fund applicants must complete the Preliminary Project Assessment (“PPA”) process prior to the submission of a Project Application.
Project Application Mandatory Documents
Required submission for all Tax Credit Projects.
Project Application Scoring Documents
Exclusive to 9% Low Income Housing Tax Credit (LIHTC) applications
LIHTC General Reference Documents
Map of Illinois locations by set-aside.
Example calculating eligible tax credit amount based on qualified basis and equity gap methods. Updated November 2015.
The status of all PPAs and applications for IHDA resources, as well as IHDA’s current portfolio, can be found via the IHDA Portfolio and Pending Projects Map.
Information for property owners and managers about the Statewide Referral Network (SRN), other related resources, and their obligations as SRN participants.
The listed agencies added are based on data generated from https://www.ilhousingsearch.org database. Criteria includes registered agencies with agents by city and zip code.
Manual for owners and agents of properties with Federal Low Income Housing Tax Credits (LIHTC).
The 2023 Compliance Connection resource portal outlines annual compliance requirements and options for our valued partners – property owners and managers.
Subsidy Layering Reviews
The Authority has authorization from the U.S. Department of Housing & Urban Development to conduct subsidy layering reviews (SLRs) for newly constructed and/or rehabilitated multifamily projects that: 1) have received an allocation of Low Income Housing Tax Credits from the Authority, 2) received an allocation of HOME and/or NHTF financed by IHDA, and 3) will receive project-based voucher (PBV) rental assistance. Questions may be directed to firstname.lastname@example.org.
Answers to common general questions you may have as you complete your 2022 LIHTC application. Updated Jan. 2023.
Answers to common questions about Energy Efficiency and Sustainability you may have as you complete your 2022 LIHTC application. Updated Jan. 2023.
Answers to common questions about Development Team scoring requirements you may have as you complete your 2022 LIHTC application. Updated Jan. 2023.
Answers to common questions you may have as you fill out your 2021 LIHTC application. Updated January 2021.
Answers to common questions you may have as you fill out your 2020 LIHTC application. Updated March 2020.
Answers to common questions you may have as you fill out your 2019 LIHTC application.
Answers to common questions you may have as you fill out your 2018 LIHTC application.
8609 Forms for LIHTC Projects
The Authority will not issue 8609(s) until the final draw request has been submitted and approved by the Authority. The Authority also will not issue 8609(s) unless all fees and payments due to the Authority in connection with any Authority program have been paid. All documentation must be submitted via email to Daisy Marchan at email@example.com.
Provides tips for completing and applying for your 8609 form.
LIHTC and 1602 checklist for issuance of IRS Form 8609. Submit this checklist with your packet of materials.
LIHTC owner certification forms.
Multifamily fee payment form to be submitted with your packet of materials.
Compliance Monitoring Fee Agreement is part of the Determination letter and should be submitted with your packet of materials.
Form to list the final sources and amounts of funds for your Tax Credit project.
Partnership agreement form to be submitted with your packet of materials.
Other IHDA Programs or Funding Sources
Long Term Operating Support Program (LTOS)
Energy Efficiency Funding
In support of IHDA’s policy of incorporating sustainability, with a focus on energy efficiency, into housing funded by IHDA, the following is a list of links to resources regarding energy efficiency funding at the federal and state levels.
- Inflation Reduction Act
- Illinois Solar For All: https://www.illinoissfa.com/programs/non-profit-and-public-facilities/
Multifamily Transaction Timeframes
Please review the timeframes required to review, underwrite, approve, and close transactions utilizing resources from the Authority. The deadlines are most relevant for 4% bond deals, but all resources will follow the same timeframes.
Cross-Program Project Submission Documents
The updated 2024-2025 Preliminary Project Assessment (PPA) Workbook. This current version of this PPA Workbook should be used when applying for a non-PSH, IHDA-administered program that requires a PPA. Only this current version will be accepted.
The Common Application is to be submitted after PPA approval and required for all IHDA resource requests.
Multifamily Fee Payment Form to be submitted with all PPA and full applications. Updated February 2024.
Closing Due Diligence
Form Legal Certifications
The legal forms and certifications below are intended for Developments that have received IHDA funding, are for reference purposes only and are subject to change without notice.
Multifamily Financing Closing Due Diligence
The forms below are for for developments have received IHDA funding. They should be completed by the Development Team actively working on the closing.
All Program General References
Municipalities subject to the Affordable Housing Planning and Appeal Act. Updated December 2023.
This Underwriting Standards Guide presents the Authority’s criteria for evaluating a Project’s financial feasibility and underwriting assumptions.
This guide provides a side-by side comparison of the Authority’s January Underwriting 2023 Guide to it’s October Underwriting 2023 Guide.
The updated Construction Cost Limits replaces all previous versions. Refer to IHDA’s Underwriting Standards Guide, dated January 2022, section III.B Grand Total Hard Cost Limits, for description of standard. Updated Nov. 2022.
Final guidance on requests for tax-exempt bonds and 4% low-income housing tax credits. Updated and effective February 7, 2020.
- Note: This does not include NSP limits.
- Note: This file is only for the 2023 Neighborhood Stabilization Program (NSP) limits.
2022 all programs rent and income limits
2021 all programs rent and income limits
2020 all programs rent and income limits
2019 all programs rent and income limits
2018 all programs rent and income limits
2017 all programs rent and income limits
List of HUD-designated QCTs.
List of HUD-designated QCTs.
List of HUD-designated DDAs.
List of HUD-designated DDAs.
Site Control Compliance Language.
Annual per-unit operating expenses allowed by project type and geographic set-aside. Updated February 2020
Documentation of standards for appraisals. Updated December 2015.
List of current multifamily developments financed by IHDA. The list contains developments that have closed. Updated January 2024.
List of current multifamily developments financed by IHDA with accessible rental units. The list contains developments that have closed. Updated January 2024.
HOME Maximum Per-Unit Subsidy Limits. Updated December 2020.
Overview of the 2013 HOME Final Rule.