All projects seeking IHDA resources must submit a Preliminary Project Assessment (PPA) for review. In order to submit your PPA, you must first request an account for the Multifamily Portal. Once given access to the Multifamily Portal, all documents must be uploaded electronically.
To request an account for the Multifamily Portal, please click here or visit https://ppa.ihda.org to fill out the online form. Please allow three business days to receive your login information to access the Multifamily Portal. If you have not received your account information within three business days, please reach out to firstname.lastname@example.org.
If you have already submitted an account request form and have forgotten your username or password, please email email@example.com for assistance.
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.
Current Qualified Allocation Plan:
2022-2023 IHDA Board and Governor approved QAP. Updated September 2021.
The Illinois Housing Development Authority (IHDA) is pleased to announce tentative dates for 2023 9% Low-Income Housing Tax Credit (LIHTC) application round. Please see the key event deadlines for the 2023 9% LIHTC round below:
|PPA Deadline for 2023 LIHTC Applications||October 20, 2022|
|PPA Notification to Sponsors||December 13, 2022|
|2023 Applications Due||February 16, 2023|
|Clarification Period Notice / Responses Due||April 17, 2023 – April 21, 2023|
|Recommendations to Board||June 16, 2023|
Please see the key event deadlines for the 2022 9% LIHTC round:
|PPA Deadline for 2022 LIHTC Applications||October 29, 2021|
|PPA Notification to Sponsors||December 21, 2021|
|2022 LIHTC Applications Due||February 14, 2022|
|2022 LIHTC Recommendations to Board||May 20, 2022|
IHDA will accept 4% LIHTC applications on a rolling basis through December 31, 2022. IHDA will endeavor to notify Sponsors within 45 days of the Authority’s receipt of the request for 4% PPA approval.
The Preliminary Project Assessment is the first step when applying for the Authority resource requests. All potential LIHTC applicants (for both 4% and 9%) must complete the Preliminary Project Assessment (“PPA”) process prior to the submission of a Project Application.
Please find all of the relevant documents for the Preliminary Project Assessment (PPA) below. All Projects must receive PPA approval prior to making a Project Application.
Required submission for all Tax Credit Projects.
Exclusive to 9% Low Income Housing Tax Credit (LIHTC) applications
2020-2021 Soft Funds Limits. Updated October 2020.
Places within the Other Metro Set-Aside for LIHTC applications. Updated November 2017.
Total hard cost limits by bedroom type and geographic set-aside for the 2022-2023 QAP. Updated September 2021.
Total hard cost limits by bedroom type and geographic set-aside for the 2020-2021 QAP. Updated February 2020.
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.
The 2021 Compliance Connection resource portal outlines annual compliance requirements and options for our valued partners – property owners and managers
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, and 2) 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.
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
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.
The updated 2022-2023 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 April 2021.
Construction reference documents for all IHDA applications. *Note – Certificate of Completion and Permission to Occupy require submission prior to final project close out.
Standards for architectural planning and construction are provided as an aid for the design and construction of quality affordable housing. Updated August 2022.
An ALTA/NSPS Land Title Survey is a complex survey product designed to assist all parties involved in a commercial real estate transaction. This documents outlines IHDA requirements for ALTA/NSPS land title surveys. Updated June 2022.
This form is part of IHDA’s formal waiver request process for the adopted EGC credits. Updated April 2022.
IHDA standards for historic preservation compliance. Updated December 2017.
Environmental requirements for multifamily projects. Updated December 2021.
Construction cost estimating requirements for multifamily projects. Updated December 2017.
Property needs assessment requirements for multifamily rehabilitation projects.
Requirements for applicants to secure studies from professional services firms experienced in providing cost estimating services, market studies, Phase I Environmental studies, Rent Comparability Studies, and Property Needs Assessments. Updated December 2017.
Davis-Bacon wage guidelines for all projects funded in part by federal funds. Revised December 2019. This version includes examples.
A user’s guide for Section 3 compliance. Updated March 2022.
HUD’s Uniform Federal Accessibility Standards (UFAS) accessibility checklist.
A user’s guide for addressing various lead-based paint related activities.
Change orders are required for any additional costs to the scope of work, any reduction in costs to the scope of work, or any no cost change to the scope of work.
A guide to the criteria that must be met when a project is 95 percent completed.
When the project is 95% complete, prior to final project close out, two copies of the IHDA Certificate of Completion form (Form CD-4) must be submitted to the IHDA Construction Field Representative.
When the project is 95% complete, prior to final project close out, two copies of the IHDA Permission to Occupy form must be submitted to the IHDA Construction Field Representative.
IHDA will allow reimbursements for the value of stored materials and deposits on materials subject to the conditions listed in this policy. Note this policy replaces all previous versions. Updated Nov. 2022
Updated Jan. 2023
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.
This Underwriting Standards Guide presents the Authority’s criteria for evaluating a Project’s financial feasibility and underwriting assumptions.
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.
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 Jan. 2023.
Documentation of standards for appraisals. Updated December 2015.
List of current multifamily developments financed by IHDA. The list contains developments that have closed. Updated July 2022.
List of current multifamily developments financed by IHDA with accessible rental units. The list contains developments that have closed. Updated July 2022.
HOME Maximum Per-Unit Subsidy Limits. Updated December 2020.
Overview of the 2013 HOME Final Rule.