IHDA’s mission to finance the creation and preservation of affordable housing in Illinois.
Relationship to the State Government: Independent, self-supporting bonding authority governed by a nine-member Board of Directors appointed by the Governor of Illinois.
Current Staff Size: 340
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1967
IHDA is established by the General Assembly.
1982
IHDA establishes homebuyer program with rates well below national average.
1993
IHDA finances 50,000 units of affordable housing, up from 10,000 in 1974.
2012
IHDA launches the Illinois Foreclosure Prevention Network.
2015
Record 12,000 buyers purchase homes with IHDA down payment assistance program.
2020
n just six months, IHDA disbursed more than $324 million in emergency rent and mortgage assistance to over 56,000 households.
Total Financing Provided Since 1967
Total Renters Served Since 1967
Total Homeowners Served Since 1967
Signature Program
Community Revitalization Technical Assistance Program
The Community Revitalization Technical Assistance Program encourages affordable housing development and planning in the state’s most distressed areas. The program, which is free of charge, forms partnerships to build upon and link to existing planning efforts, identifies strengths and needs within the community, and generates localized capacity via a formal Community Revitalization Strategy process.
Community Revitalization Technical Assistance Program Clients: 312
Future Focus
Kristin Faust
“At IHDA we are committed to removing barriers to make housing safe, affordable, and stable for everyone regardless of race, ethnicity, gender, or immigration status. While we cannot undo past harms that resulted in homeownership inequality for far too many Illinoisans, I am committed to creating opportunities that will allow more people to reach this goal. We are currently developing and implementing new initiatives that invest in Illinois’ people and communities to increase homeownership opportunities for those who thought owning their own home was out or reach.”
Cecilia and Alexis
Chicago, Illinois
Cecilia and Alexis wanted to own a home of their own to host holidays and events. They were set on a house and could afford the monthly payments, but between school tuition and saving for a wedding, they were nervous about saving for the down payment. But with an affordable first mortgage and down payment assistance from IHDA, the couple had the help they needed to overcome the down payment hurdle and achieve their goal of homeownership.
Melissa Williams
Bloomington, Illinois
Melissa was living paycheck to paycheck as she finished college and took care of her mother. Unable to replace her drafty windows or repair her aging roof, she didn’t know where to turn when her boiler broke, leaving her home completely without heat. But with the help of IHDA’s Home Rehabilitation Program, Melissa was able to afford the repairs needed to make her home more comfortable, safe, and energy efficient without going into debt.
City of Decatur
Decatur, Illinois
More than a decade after the foreclosure crisis, the City of Decatur was burdened with the cost of maintaining hundreds of vacant homes and abandoned lots. But with funding from IHDA’s Abandoned Properties Program, the city had the funding they needed to demolish abandoned structures in areas targeted by their local revitalization plan. With problem properties removed, the City plans to repurpose the land as safe and attractive green space.
