Illinois

The Chicago Department of Housing (DOH) is now accepting applications for the 2021 LIHTC round through July 2.

The Illinois Housing Development Authority’s statewide emergency rental assistance program is now open for applications.

The Illinois Housing Development Authority is hosting QAP summits opportunity to discuss the effectiveness of current and 2022-2023 QAP.

The 8-to-1 vote will initially make $400,000 available in $25,000 homeownership and improvement grants, as well as in mortgage assistance for Black residents, primarily those can show they are direct descendants of individuals who lived in the city between 1919 and 1969 and suffered from such discrimination.

The City of Chicago released its draft 2021 Qualified Allocation Plan. The QAP describes the selection criteria and application requirements for affordable housing developments receiving federal Low Income Housing Tax Credits and tax-exempt bonds.

Legislation introduced in the Illinois Legislature would create a state LIHTC. S.B. 2445 and H.B. 3213 would create the Build Illinois Homes Tax Credit as of January 1, 2021, with a $35 million annual allocation, with 24.5 percent of the credits allocated to the City of Chicago Department of Housing.

The Illinois Housing Development Authority (IHDA) released the following guidance for new four percent bond deals…

The National Council of State Housing Agencies held its Board of Directors election on October 26 during the association’s 2020 Annual Conference & Showcase. Nominated from among, and voted on by the executive directors of the member state housing finance agencies, NCSHA’s newly elected Board officers are:

The Illinois Housing Development Authority (IHDA) launched its new Market Analysis Application (IMAA). Designed by IHDA’s Strategic Planning and Reporting (SPAR) team, IMAA allows affordable housing practitioners of all types to derive market areas, see integrated demographic and analytic data, study concentration levels, cross-reference with IHDA’s portfolio of projects and identify the true housing needs within a community.

The Illinois Housing Development Authority (IHDA) released the 2021 application schedule both the nine and four percent LIHTCs. The application deadline for 2021 nine percent LIHTC is January 22, 2021. IHDA will accept PPAs for four percent LIHTC on a rolling basis through December 31, 2020.

A new analysis from Elevate Energy and Rocky Mountain Institute (RMI) shows that improvements in electric heat pump technology and progress in decarbonizing the electricity grid provide an effective pathway to meeting Illinois climate goals.

The Illinois Housing Development Authority (IHDA) Board named Karen Davis as the Authority’s next deputy executive director.