Illinois

The Census Bureau and HUD have released new housing data files for the following Metro Areas.

The Illinois Housing Development Authority (IHDA) is offering two complimentary workshops focusing on IHDA’s proposed 2011 Qualified Allocation Plan (QAP) and the Low Income Housing Tax Credit application process.

NH&RA Historic Preservation Development Council Member MacRostie Historic Advisors has posted an excellent state historic tax credit update on its website.

The Illinois Housing Development Authority (IHDA) has announced that it will extend its Multi-Family Initiative Bond program through 2011, providing low-cost fixed-rate permanent financing which will provide resources to borrowers to finance new construction, acquisition and rehabilitation or adaptive reuse of existing developments.

The Illinois Housing Development Authority (IHDA) has released a draft version of its updated Qualified Allocation Plan (QAP) for the 2011 Low-Income Housing Tax Credit Program.

The Illinois Housing Development Authority has released a draft of the 2011 Low-Income Housing Tax Credit Qualified Allocation Plan. The state will have approximately $21 million to allocate in 2011.

The Illinois Housing Development Authority has extended its housing preservation initiative, offering low-cost fixed-rate permanent financing which will provide resources to borrowers to finance new construction, acquisition and rehabilitation or adaptive reuse of existing developments.

Governor Pat Quinn last week signed legislation that will boost affordable housing development across Illinois. House Bill 6038 extends the Illinois Affordable Housing Tax Credit through 2016, which was set to expire next year.

Illinois Governor Pat Quinn this week signed a bill (S.B. 2093) into law that increases the state’s existing New Markets Tax Credit for new investment into small businesses in underserved communities.

The Illinois Housing Development Authority (the Authority) is soliciting feedback from the development community on all aspects of the 2010 Qualified Allocation Plan (QAP) and Low Income Housing Tax Credit (LIHTC) application process.

The federal bank and thrift regulatory agencies ““ including the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Comptroller of the Currency, and the Office of Thrift Supervision ““ recently announced a series of upcoming public hearings on modernizing the regulations that implement the Community Reinvestment Act (CRA).

The U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund has announced that it is undertaking a holistic review of its authorizing statute and has scheduled a series of “listening sessions” to generate discussion and interest among CDFI stakeholders.