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Illinois Awards $22.5 Million in LIHTCs

The Illinois Housing Development Authority (IHDA) has awarded over $22.5 million in federal low-income housing tax credits (LIHTCs) to 20 affordable housing developments in 12 counties.

The housing tax credits will support the new construction or preservation of 1,442 units for low- to moderate-income families, seniors, and individuals with special needs.

Once sold to investors, the housing tax credits will generate approximately $258 million in private capital, according to IHDA. The construction activity from these developments is also expected to support over 2,000 full-time construction jobs and almost 550 permanent jobs once completed.

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