Illinois
Illinois Releases Draft QAP, Hearing 9/26, Comments Due 10/9
The 30-day public comment period began on Friday, September 8. More information on the changes is forthcoming.
Illinois: Developer Stakeholder Meeting Regarding Energy Efficiency Program Funding and Management
Join Illinois Housing Council on June 28 for an affordable housing development stakeholder meeting hosted by the ComEd® Energy Efficiency Program.
Illinois Donation Tax Credit Passes Both Houses, Awaits Signature
On December 1, 2016, the Donation Tax Credit passed out of the Senate with a vote of 54-0.
IHDA Updates 2016-17 QAP Documents
2016-17 QAP documents have been updated as of October 2015.
Illinois Allocates 2nd Round 2015 LIHTC
The full list is available on IHDA’s website.
IRS Divides $2.59M of Unused 2015 LIHTCs Among 30 States
The Internal Revenue Service divided $2.59 million in unused Low Income Housing Tax Credits from calendar year 2015 among 30 states.
Illinois Housing Agency Names Acting Executive Director
Mary Kenney resigned from IHDA on Friday, September 18 to pursue a new opportunity as the Director of U.S. Government Affairs at BMO. Following her resignation, the Members of the Authority appointed Bryan Zises Acting Executive Director
Illinois Housing Council Reviews Change to State 2016 QAP
IHC’s review of the 2016 QAP Draft changes is now available here for download: IHC QAP Review Changes Presentation. IHC will discuss the changes with representatives from IHDA and gather feedback for IHC’s written comments on September 30th at RBC Capital Markets. We had a great conversation and received helpful feedback during our Springfield luncheon […]
Community Investment Corporation “On Bill” Energy Financing Fact Sheet
In cooperation with the utility companies (ComEd, NICOR, North Shore Gas, Peoples Gas), CIC-Energy Savers will soon offer loans for energy retrofits of multifamily (5 to 50 units) properties which can be repaid as an additional item on a utility bill. Download
Energy Savers Fact Sheet
ENERGY SAVERS helps lower operating costs of apartment buildings by reducing energy usage. FINANCING Energy Savers loans are secured with a second mortgage lien. The first mortgage lender must allow the Energy Savers subordinate loan to be secured with a subordinate mortgage. The property must be: 1. An apartment building with at least five (5) […]
Elevate Energy Offers Free Affordable Housing Energy Baselining Services
Elevate Energy has joined forces with New Ecology to help affordable housing property owners and managers to reduce their property’s energy costs. They are offering free baselining services to multifamily affordable housing properties in Illinois, Missouri, Maryland, Rhode Island, and Pennsylvania, along with the Richmond, VA, Metro area.
State Housing News for the Week of October 27
Collection of State Housing Finance Agency from across the nation for the week of October 27.