The Illinois Housing Development Authority (IHDA) announced funding for its Permanent Supportive Housing (PSH) Development Program. Financing is available for the acquisition, rehabilitation and/or new construction of PSH projects that serve the most vulnerable populations and that offer flexible, voluntary supportive services designed to increase housing stability.
IHDA expects most applications will be for 100 percent PSH projects of 25 or fewer units and that requests will generally be up to $8,500,000 or 90 percent of the total project cost, whichever is less. A project concept meeting and approval of a Preliminary Project Assessment are required prior to submitting an application. Preliminary Project Assessments are due to IHDA by 5:00 p.m. CT on Friday, August 6, 2021. Mandatory application workshops will be offered in September. Applications are due to IHDA by 5:00 p.m. CT on Friday, October 22, 2021.
