Qualified Allocation Plan (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.

IHDA is pleased to make available for public comment a draft of its 2024-2025 QAP and a draft of its Design, Construction & Regulatory Compliance Requirements.

2024-2025 Qualified Allocation Plan (QAP) Draft

Design, Construction & Regulatory Compliance Requirements Draft

IHDA will host a Public Hearing on the draft of the QAP, which will held in person (at the IHDA office, address below) and virtually using the WebEx platform on Thursday, September 7, 2023, at 10 a.m.  If attending virtually, please register for the virtual public hearing and a link to the meeting will be sent to you –  https://illinois2.webex.com/weblink/register/rce16fee97a104d236889cf7f430b69fb. If attending in-person, please email QAPfeedback@ihda.org.

Written comments are due Friday, September 22, 2023 and should be directed to the following:

Illinois Housing Development Authority
111 East Wacker Drive, Suite 1000
Chicago, Illinois 60601
ATTN: Strategic Planning & Reporting Department
QAPFeedback@ihda.org

We look forward to your feedback.

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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.