IHDA-Assisted Multifamily Rental Housing
IHDA and its Asset Management department welcome you to this page which outlines key information and helpful resources for the management of IHDA-assisted multifamily rental housing.
IHDA’s Asset Management department is responsible for ensuring effective and efficient program administration and long-term compliance for the largest portfolio of affordable multifamily rental housing in the state of Illinois. This work encompasses physical, financial, and operational compliance oversight for 1,925 properties containing 101,906 units – and growing – that utilize a variety of financial instruments including debt, equity, and operating subsidy. The Asset Management department works in partnership with property developers, owners, and managers as well as other funders, interagency groups, and stakeholders.
IHDA and its Asset Management department are excited to announce the 2021 Compliance Connection resource portal which outlines annual compliance requirements and options for our valued partners – property owners and managers. Please check out the link below to access related information and documentation including guidance on use:
BDS User Manual – for Owners and Agents
BDS is a web portal available to property Owners and Agents to manage submission of documents with information that requires protection. This manual provides guidance on how to use the BDS system.
DMS Authority Online User Manual – for Owners Agents
DMS Authority Online is a web portal available to property Owners and Agents to manage compliance reporting directly into IHDA’s DMS. This manual provides guidance on how to use the DMS Authority Online system.
203 Regency Drive, Bloomingdale, IL 60108
Financial reporting and audit guidelines for mortgagors of multifamily housing developments.
Required to be submitted with annual financial statements.
Must be submitted with the annual financial statement.
Follow these directions to successfully submit the budget review form.
These instructions specify documentation that must be submitted with requests for withdrawals from property reserve accounts held by IHDA. All requests and supporting documentation are to be submitted electronically to firstname.lastname@example.org.
When seeking reimbursement for any payments, all developments must submit a W-9 Form (Request for Taxpayer Identification Number and Certification). When requesting that vendors be paid directly, the vendor’s W-9 Form must be submitted with the payment request.
Automated Clearing House (ACH) Enrollment Form
All properties with loans are expected to enroll in electronic Automated Clearing House (ACH) withdrawals and deposits. Be sure to fill out both the DEBIT (for IHDA to withdraw from your account, such as a monthly payment) and CREDIT (for IHDA to deposit to your account, such as an escrow disbursement) forms as applicable to your bank accounts. IHDA requires both a signed PDF and an electronic Excel file for each DEBIT or CREDIT form. Please submit a copy of a voided check for each account being enrolled along with your submission files to AssetServicing@IHDA.org.
Rental Schedules/Worksheets-Section 8
Rental Schedules/Worksheets-All Other Programs
Management Agreement Extension
Sample Tax Credit Lease Addendum
The Tax Credit Lease Addendum should be signed by the resident and Manager and attached to your lease agreement if your current lease agreement does not include Section 42 language as identified in this sample Addendum.
Rental Housing Support Program
Long-Term Operating Support Program
Section 811 Program
Statewide Referral Network
Cook County Assessor’s RPIE Tool Webinar
Extension of State and Federal Prohibitions on Evictions
2021 Illinois Rental Payment Program
Issuance of 2021 Compliance Connection
IRS Renews COVID-19 Regulatory Relief for LIHTC Properties
HUD Renews HOME Program Regulatory Relief
2021 OCAF Adjustment
2021 Social Security COLA Increase
2021 Security Deposit Interest Rate
Update on State and Federal Prohibitions on Evictions