ihda

State officials said the program is designed to help communities re vitalize distressed neighborhoods, create new housing opportunities, and spur local economic growth. #chicago #housing #vacantlots

The plan also includes new financial tools, such as expanded down payment assistance programs for first-time homebuyers, along with additional support for affordable and middle-income housing construction. #housing #proposal #costs

The funds, awarded to 30 housing counseling agencies across the state, aim to help residents build credit, understand the homebuying process, and maintain long-term financial stability. counseling

The initiative, known as Next Gen, offers both for-profit and nonprofit developers specialized training in the Low-Income Housing Tax Credit (LIHTC) program — a key federal tool used to finance affordable housing projects. #housing

“This development doesn’t just provide quality housing. It restores hope, stability, and opportunity to families while transforming once-abandoned property into a cornerstone of community pride.” #development

The latest domestic policy plan signed by President Donald Trump on July 4 will increase available funding by 12% for a key tax credit used by developers to offset a portion of construction costs. #housing

“By leveraging the Low-Income Housing Tax Credit to spur millions in private development, we’re offering real housing solutions for working families, seniors, and veterans while creating jobs in construction and revitalizing communities up and down the state.” #taxcredits

IHDA has not created an advertisement for Section 8 housing, and it does not endorse any such solicitation... #ihda

The launch of the Next Gen initiative builds on several steps taken by IHDA to increase diversity among affordable housing developers participating in the state's LIHTC program. #affordablehousing

The PSH Development Program was created to increase the community-based housing options available to vulnerable populations who have historically faced barriers to stable housing. #housing