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Digital Subscriptions > > Illinois Housing provides US$1.1 billion for affordable housing

Illinois Housing provides US$1.1 billion for affordable housing


Illinois Housing Development Authority (IHDA) provided US$1.1 billion for affordable housing and served more than 11,400 families in 2015, partnering with hundreds of lenders, developers and community development organisations to help low- and moderate-income households purchase or refinance a home, or find an affordable apartment. Through a network of 180 participating community lenders, US$856 million in loans and down payment assistance were made to 7,000 borrowers who purchased or refinanced a home using IHDA’s @HomeIllinois and 1stHomeIllinois programmes, making 2015 the second-most productive year in IHDA’s 30 plus years of mortgage lending. For affordable and mixedincome rental housing, IHDA provided US$260 million in loans and grants and tax credits.

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