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That’s currently about 750 multifamily rental properties that comprise more than 65,000 units across the state. <> Non-Targeted Areas – Income & Purchase Price Limits per County Effective 7/1/2020 • Some of these limits have been determined by a Private Letter Ruling issued by the IRS to the Authority. 14 0 obj endobj <> 0 0 0. <> 15 0 obj 16 0 obj

Responsible Property Management At IHDA, we’re responsible for monitoring the properties we finance. endobj ���p��pw�EQ��@1An����ˁ�b{��%���Y&V's�B�j1E�i(��$�I�0�1��fRM��,U� 64�lD�@5oC��}�,r^��wQ��w�%�JRnڐF�T$�,Wf���CY:\B�Q:Ce�����h��콟���@h}�p�0X��Z&�E,`��YEA��� G-�`�{5: • The Illinois Housing Development Authority (IHDA) is working as expeditiously as it can to process applications and notify applicants.

6 0 obj 15 0 obj For example, FY 2019 Income Limits are calculated using 2012-2016 5-year American Community Survey (ACS) data, and one-year 2016 data where possible.

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for past limits, visit the historical income limits section in, Non-Targeted Household Income Limits - Above 80% AMI, Non-Targeted Household Purchase Price Limits - Above 80% AMI, Targeted Household Income Limits - Above 80% AMI, Targeted Household Purchase Price Limits - Above 80% AMI. 10 0 obj

endobj 0. IHDA INCOME LIMITS –REV 7/1/2019. endobj endobj

General IHDA Income Limits – Revised 7/1/2019 1 Person 2 People 3 People 4 People 5 People 6 People 7 People 8 People De Witt $40,700 $46,500 $52,300 $58,100 $62,750 $67,400 $72,050 $76,700

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",#(7),01444'9=82. Putnam 1 2 3 4 5 6 7 8 $47,150 $53,850 $60,600 $67,300 $72,700 $78,100 $83,500 $88,850 Randolph 1 2 3 4 5 6 7 8 $38,050 $43,450 $48,900 $54,300 $58,650 $63,000 $67,350 $71,700. endobj

ͼx�����T\]X[�E�1M��](�[`c+�F$̈6��k4��]��V�� ���u����(�b¶! Use of these limits in connection with other Bond Programs is prohibited. 4 0 obj endobj 20 0 obj

2 0 obj (for past limits, visit the historical income limits section in, *All other counties includes the following forty-four (44) counties: Adams, Cass, Christian, Clark, Clay, Coles, Crawford, Cumberland, Edgar, Edwards, Fayette, Franklin, Fulton, Gallatin, Greene, Hamilton, Hancock, Hardin, Henderson, Iroquois, Jackson, Jefferson, Johnson, Knox, Lawrence, Marion, Mason, Massac, Montgomery, Morgan, Moultrie, Pike, Pope, Pulaski, Richland, Saline, Schuyler, Shelby, Stephenson, Union, Vermilion, Warren, Wayne, and White, To determine if a particular property is located in a targeted area, please use the.

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endobj We work with property managers to ensure their properties are in compliance with building safety codes, loan conditions, tenant selection requirements and other state and federal … <> <> 0 0 0. MCC is a Mortgage Credit Certificate, please visit the program directory for details. endobj %PDF-1.5

A submission does not guarantee approval of your application. 19 0 obj

Although HUD uses the most recent data available concerning local area incomes, there is still a lag between when the data are collected and when the data are available for use. General Income and Purchase Price Limits Effective 7/1/2020 Use these limits to determine if the buyer qualifies for the IHDA Homeownership program for … $.' 0 0 0. 5 0 obj <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 792 612] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> [ 13 0 R]

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Income and Purchase Price limits in targeted areas are also higher, which could open the door for additional buyers to qualify. <> 12 0 obj

<> <> Ghد�1�x}s9��$DV�E�Qy�T��'hܻ ����6Hu�>4���z�4��P ���� ��t�pU0�nLA��SA8g�(fm3h������R"!���Ʌ�^Rh|}I�a�e� vI�"�n):�*%*zSD��!�����/�'fO�L$~ • Use of these limits in connection with other Bond Programs is … <> ILLINOIS HOUSING DEVELOPMENT AUTHORITY NON-TARGETED INCOME AND PURCHASE PRICE LIMITS – Effective 8/1/2019 Some of these limits have been determined by a Private Letter Ruling issued by the IRS to the Authority. These limits may be used only in connection with Authority Programs. These “Below 80% AMI” Income Limits are to be used for any loan committed through IHDA on or after 7/1/2019.

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endobj 6 0 obj 5.9999999999999995e-4. These limits may be used only in connection with Authority Programs. endobj

To determine if a particular property is located in a targeted area, please use the targeted area look-up map below. <> *6!���� �OH@ǥ��Q��(��)Qɘ0����7��A3���R�D�%��H�g!�?����^bee���Ί 13 0 obj • These limits may be used only in connection with Authority Programs. endobj

The federal government has designated certain areas as “targeted areas” where more homeownership is desired. 0 0 0. 0 0. endobj �}@B:�7���� <>/Metadata 2267 0 R/ViewerPreferences 2268 0 R>>
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If you have clients interested in buying a home in these areas, there are typically more assistance programs available. endobj �9Ԫ����V�V��ǯ���o�$5��x��U����B�19B� �����$ڠc~��.hCr�b}t,0ؓ ����eȚ�A��G\\p�R��O��sP�]�KT�ю�B��w 0 0 0. 18 0 obj endobj <> 16 0 obj 0. <> 0. 0 0 0. 0 0 0. stream endobj ܅�V���;ސS���>�w1~��y�g�j9��*rt��T�t�G�;��O7U�Y}�'_�,��b��V��:���cn��l��������_�g_B8�����~{M�������"�L����y�b�3���:�f����,YlqQ������߻�"�@&��{#\�m��s�R3ϱk�I��P�Hd���p{vO�%EU����3��^< j;o�XM���~K˔4�g¥ss=�i�!���1� g=�~2]/�� �`��qC40��\���8�m9-?m2E���P� $噥�H6P���P2��.W�pQmÜ؈�� �yĥU�q�M��U]��5��Ag4n�Lp�y�Ŕ�19J��n 8�����t�$�L���H$a�D���:/י��C��G�Hq� C���I�Fi�6���2�|t�(���e^u!�J΄�6x=��y7�G�A�>���0��85���!�M�=.ϊ!���Ә�� ~��l^0 H

2 0 obj 17 0 obj Income and Purchase Price limits in targeted areas are also higher, which could open the door for additional buyers to qualify. endobj 11 0 obj 0 0 0.

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0. <> %���� 11 0 obj endobj Simply enter the property address and the tool will identify the property’s location on the map with a dot (that may vary in color based on your device). �n��Jj���x€Gd ��� "@� ��xPdD,(*�B��#�AA0�� ؈tH\D*L�"*��AQ�%Q�$ZӝBDM�^yw 7 0 obj <> endobj 0. endobj

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18 0 obj endobj Staff is unable to provide updates for individual applications, so please refrain from contacting IHDA regarding your application status.

0 0 0. ���� JFIF ` ` �� C Click on the map to find targeted areas in Illinois.
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0. <> 10 0 obj If the property falls in a blue-shaded area, it is located in a targeted area. <> 3 0 obj To determine if a particular property is located in a targeted area, please use the targeted area look-up map below. endobj �/�� ��D <>>> <> endobj 8 0 obj endobj 9 0 obj 0. 9 0 obj lh�� �nF�Ul;�ygЇ����6N��9f�V�Bo�@�-������8�� THk{s�8�s Ť|�a4���*�]����s�) �j��I��|-Hy�lחW?Վo��(۠!%��ڐx����;�$@.�#�D,�T��Jxأkp��f��M����j�(�#� yB�c� 0 0 0.

0 0 0. stream endobj ���� JFIF ` ` �� C Some of these limits have been determined by a Private Letter Ruling issued by the IRS to the Authority. endobj

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0. If the property falls in a green-shaded area, it is NOT in a targeted area. endstream <>