Illinois Housing Development Authority (IHDA)

401 N. Michigan Avenue, Suite 700, Chicago, IL, 60611

(312)836-5200

Website: http://www.ihda.org

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Cook County

Section 8 Voucher Wait List Closed

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According to recently updated public information sources, this agency appears to have open waiting list. Please contact them directly to confirm the current status of their waiting lists for

Public Housing Wait List Open

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According to recently updated public information sources, this agency appears to have open waiting list. Please contact them directly to confirm the current status of their waiting lists for

About Illinois Housing Development Authority (IHDA)

In 1967, the Illinois Housing Development Authority (IHDA) was created as a self-supporting authority by the state legislature to finance quality affordable housing across Illinois. We connect qualified Illinois residents and communities with state and federal financial tools to stimulate affordable housing opportunities.

IHDA works as a bank with a public mission: To finance the creation and preservation of affordable housing across Illinois. We partner with lenders, developers, local government, not-for-profits, community groups, and others to deliver low-cost financing programs. Our financing spurs construction jobs to keep Illinois residents working.

As a lender, IHDA uses approximately $2 billion in assets to create and preserve affordable housing. We are able to access the capital markets based on our strong credit rating of A1/A+/AA- from Moody's Investors Service, Standard & Poor's, and Fitch Ratings respectively.

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Mission Statement

IHDA finances the creation and preservation of affordable housing throughout the State of Illinois to increase the supply of decent and safe places for people of low or moderate means to live.

We also accomplish our mission by investing resources from federal and state-funded programs.

Program Summary for Illinois Housing Development Authority (IHDA)

Illinois Housing Development Authority (IHDA) is a public housing agency that helps provide decent and safe rental housing for eligible low-income families, the elderly, and persons with disabilities. Illinois Housing Development Authority (IHDA) manages several funded programs and has a total of 60 subsidized affordable housing units for rental assistance. Illinois Housing Development Authority (IHDA) administered a total of 705 Section 8 Vouchers. Illinois Housing Development Authority (IHDA) currently has Section 8 as its program type. Illinois Housing Development Authority (IHDA) is located at 401 N. Michigan Avenue, Suite 700, Chicago, IL, 60611 and serves the city of Chicago. Income limits, fair market rents and rent rates vary with each agency. Please contact Illinois Housing Development Authority (IHDA) at, (312)836-5200 for more information about coverage area and program availability.

Current Status	Active
Size of Illinois Housing Development Authority (IHDA) compared nationally	Large
Last Updated	11/29/2014
Total Numbers of Communities	N/A
Total numbers of Administered Section 8 Voucher	705
Total numbers of Administered Public Housing Units	N/A
Waiting list for the Illinois Housing Development Authority (IHDA) is currently	Open

2022 Income Limits for Cook County, IL

HUD sets Income Limits for each area based on the median family income in that area. Each Public Housing Agency (PHA) will use the Income Limit set for the jurisdiction that the PHA covers. Therefore, a family may be eligible for one PHA but not another. The number of people in a household determines the Income Limit that is set for determining the family's eligibility for the program that they are applying for. Below are the Income Limits for Cook County, IL:

Median Income

Income Limit Category

Persons in Family

50%
Very Low Income Limit

$31,850
$36,400
$40,950
$45,500
$49,150
$52,800
$56,450
$60,100

30%
Extremely Low Income Limit

$19,150
$21,850
$24,600
$27,300
$30,680
$35,160
$39,640
$44,120

80%
Low Income Limit

$51,000
$58,250
$65,550
$72,800
$78,650
$84,450
$90,300
$96,100

2017 Fair Market Rents for Cook County, IL

Fair Market Rents are HUD's determination of the average rents in a particular area for each bedroom size. The FMRs are set each year based on the rental rates of unsubsidized units so that participants in HUD programs have equal access for affordable housing. Here are the Fair Market Rents for Cook County, IL:

Efficiency	One-Bedroom	Two-Bedroom	Three-Bedroom	Four-Bedroom
$912	$1055	$1232	$1569	$1878