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Illinois Housing Development Authority
What AI says about Illinois Housing Development Authority
The Illinois Housing Development Authority (IHDA) is a self-supporting agency that provides financing for the creation and preservation of affordable housing across Illinois. It connects low- and moderate-income households with mortgage products and assistance programs to promote homeownership and community development.
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Products & Services
Mortgage Products
Offers affordable, fixed-rate loans and down payment assistance for homebuyers in Illinois.
Rental Assistance Programs
Provides resources and financial support for affordable and mixed-income rental housing.
Community Development Initiatives
Supports local governments and nonprofits in revitalizing communities affected by the foreclosure crisis.
Internship Program
Offers paid internships to students for gaining experience in the affordable housing industry.
Common Questions
What types of financial assistance does IHDA provide?
IHDA provides mortgage loans, down payment assistance, grants for home repairs, and foreclosure prevention assistance.
Who can benefit from IHDA's programs?
IHDA's programs are designed for low- and moderate-income homebuyers, homeowners needing repairs, and developers of affordable housing.
How can I find an IHDA lender?
You can find an IHDA lender by visiting our website and selecting the appropriate resources for homeownership.
Is there a cost to use IHDA's rental assistance programs?
No, IHDA's rental assistance programs are free for tenants and property owners.
What is the IHDA Internship Program?
The IHDA Internship Program is a paid, 10-week hybrid internship designed to provide students with experience in the affordable housing sector.