Did you know that in 2022 and 2023, IHDA provided $101 million in down payment assistance to help 15,218 households buy a home with an IHDA mortgage in 95 of Illinois’ 102 counties? That is just one of the many interesting facts you can find in IHDA's 2022 & 2023 Biennial Report! You can read the complete report at https://ow.ly/HVAH50SBNrn
Illinois Housing Development Authority
Real Estate
Chicago, IL 8,341 followers
Financing the Creation and Preservation of Affordable Housing in Illinois
About us
The Illinois Housing Development Authority (IHDA) finances the creation and preservation of affordable housing in Illinois. IHDA was created by the state legislature in 1967 as a self-supporting agency to finance affordable housing across Illinois. IHDA does not use taxpayer dollars to sustain its operations, although it does administer publicly funded programs on behalf of the state. Since its creation, IHDA has provided more than $15 billion to finance a quarter million affordable homes. IHDA accomplishes its mission through a number of funding sources including the Illinois Affordable Housing Trust Fund, Illinois Affordable Housing Tax Credits, the allocation of federal Low-Income Housing Tax Credits and HOME Investment Partnership funds. IHDA is also a bonding authority and independently sells bonds, based on our strong credit rating of A1/AA-/AA- from Moody’s Investors Service, Standard & Poor’s and Fitch Ratings respectively. We partner with lenders, developers, local government, nonprofits, community groups and others to deliver low-cost financing programs. We provide financial assistance to low- and moderate-income homebuyers and homeowners, offer resources to developers who build or preserve affordable and mixed-income rental housing and provide oversight for hundreds of affordable rental communities across the state.
- Website
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http://www.ihda.org
External link for Illinois Housing Development Authority
- Industry
- Real Estate
- Company size
- 201-500 employees
- Headquarters
- Chicago, IL
- Type
- Government Agency
Locations
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Primary
Get directions
111 E. Wacker Drive
Suite 1000
Chicago, IL 60601, US
Employees at Illinois Housing Development Authority
Updates
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Are you a resident of Illinois dreaming of owning your own home? Look no further! Our IHDA Mortgage programs are designed to support your homeownership goals. From down payment assistance to housing counseling resources, we're here for you every step of the journey. Visit https://ow.ly/jOTf50Rnr9p to learn more and start your journey towards homeownership today! #IHDAmortgage #DownPaymentAssistance _ 🏠¿Es usted residente de Illinois y sueña con tener su propia casa? Buenas noticias! Nuestros programas de IHDA Mortgage está diseñados para apoyar sus objetivos de propiedad de vivienda. Desde asistencia para el pago inicial hasta recursos de asesoramiento sobre vivienda, estamos aquí para ayudarle en cada paso del viaje. Visite: https://lnkd.in/e2UsRQV
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Reminder - If you are interested in joining the IHDA team, come meet with our recruiting specialists at the State Employment Career Fair from 10:00 a.m. to 2:00 p.m. next Wednesday, July 17 at the Bolingbrook Community Center. We are always looking for individuals to be part of a mission that changes lives, strengthens communities, and creates a better Illinois. Register today at https://ow.ly/47lC50SyhVz. At IHDA, we're currently hiring talented individuals who thrive in a culture of excellence, diversity, and uncompromising quality. Check out our open positions and come make an impact with us at https://ow.ly/JMLw50SyhVB!
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Today, IHDA Executive Director Kristin Faust joined IFF, the Foundation for Homan Square, Alderwoman Scott, the Chicago Department of Housing, and the Cook County Land Bank to cut the ribbon for 21 new permanent supportive housing units in Homan Square. IHDA helped provide financing to create these affordable housing units that will be accessible to allow for residents to live independently in a home suited to their needs. Many of these lots have sat vacant and abandoned for years and are now redeveloped and a productive piece of property for the community. Congratulations to everyone involved!
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If you are interested in joining the IHDA team, come meet with our recruiting specialists at the State Employment Career Fair from 10:00 a.m. to 2:00 p.m. next Wednesday, July 17 at the Bolingbrook Community Center. We are always looking for individuals to be part of a mission that changes lives, strengthens communities, and creates a better Illinois. Register today at https://ow.ly/Cqwe50SyhVy. At IHDA, we're currently hiring talented individuals who thrive in a culture of excellence, diversity, and uncompromising quality. Check out our open positions and come make an impact with us at https://ow.ly/BMzg50SyhVC!
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Are you ready to take the big step towards becoming a homeowner, but unsure where to start or if you have enough saved up? IHDA is here to make the process easier for you and is currently offering up to $10,000 to help purchase your new home. Learn more here: https://ow.ly/MvNF50StgOn #FirstTimeHomebuyers #IllinoisHomeownership
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IHDA has been featured in the Federal Home Loan Bank of Chicago’s “2023 Impact Report” for our work with the Housing Counseling Resource Program (HCRP). Funded by FHLB Chicago and administered in Illinois by IHDA, HCRP provides grants to housing counseling agencies to expand their services to minority and low- and moderate-income homebuyers and facilitate sustainable homeownership. These agencies have already provided free counseling to more than 15,250 individuals and helped 1,955 households purchase a home in Illinois. We look forward to our continued partnership with FHLB Chicago in the years to come. #IHDA #housingcounseling #NationalHomeownershipMonth Check out the full report: https://lnkd.in/gqaG6Jgt
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Join us as we continue to celebrate #NationalHomeownershipMonth with #TestimonialThursday! We're excited to share the success stories of our happy IHDA Mortgage homebuyers 🏡🎉 Let their journey inspire you and discover how you can make your dream of owning a home a reality with our down payment assistance programs. Interested in buying a home, visit https://lnkd.in/g6BCEY_S today. #IHDAMortgage
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Yesterday, IHDA helped celebrate the power of collaboration as we helped cut the ribbon to formally opening Access Health and Housing in Maywood! With funding support from IHDA, six new buildings were constructed on formerly vacant land that will provide 20 permanent supportive housing units for individuals transitioning out of nursing care facilities and in to community-based housing. This partnership with IFF, the Illinois Department of Human Services, and Trinity Healthcare is a testament to what can be achieved in integrating community-based health services with affordable, accessible housing. #PermanentSupportiveHousing #AccessibleHousing #IHDA
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