Illinois Affordable Housing Tax Credit (IAHTC) Program


  • Illinois Housing Development Authority (IHDA)
  • 401 N. Michigan Ave., Suite 700
  • Chicago, IL 60611
  • Phone: (312) 836-5200
  • Fax: 312-832-2170
  • Website:

Purpose of the Program

The Illinois Affordable Housing Tax Credit (IAHTC) encourages private investment in affordable housing by providing donors of qualified donations with a one-time tax credit on their Illinois state income tax equal to 50 percent of the value of the donation. The donor can choose to transfer the credits to the project, which creates additional project financing through syndication of the credits.

IHDA administers the statewide program, and the City of Chicago’s Department of Housing and Economic Development (HED) administers the program in the City of Chicago. IHDA receives 75.5 percent of the annual IAHTC allocation, while the City of Chicago receives 24.5 percent. Each administrative entity has its own application process.

Who is Eligible

Rules governing the IAHTC program are found in the Illinois Administrative Code, Title 47, Chapter II, Part 355.

See additional details on program guidelines at www.ihda.org.

Application Process

Rule governing the IAHTC program are found in the Illinois Administrative Code, Title 47, Chapter II, Part 355.

See additional details on program guidelines at www.ihda.org

Availability of Funds

Rules governing the IAHTC program are found in the Illinois Administrative Code, Title 47, Chapter II, Part 355.

See additional details on program guidelines at www.ihda.org

How Funds are to be used

Rules governing the IAHTC program are found in the Illinois Administrative Code, Title 47, Chapter II, Part 355.

See additional details on program guidelines at www.ihda.org

Types of Assistance

tax credit

Year Program was established

2001