Currently viewing the tag: "IHDA"

IHDA Adds $12 Million to Statewide MCC Pool

On July 7, 2009 By

Illinois Housing Development Authority has added $12 million to the statewide mortgage credit certificate pool allocation effective July 7, 2009. This is from the Veterans’ program. This is only a portion of the Veterans’ allocation. The Veterans’ program is still active.

Program Highlights: The federal government allows each homeowner to claim an itemized income tax [...]

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IHDA to Lend on the $8,000 Tax Credit

On July 2, 2009 By

The real estate web community has been buzzing following announcements at a federal level that would create vehicles to allow homebuyers to access the $8,000 as part of their closing.

Great news–In the next few weeks, the Illinois Housing Development Authority will be releasing [...]

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IHDA-Illinois Housing Development Authority

On January 24, 2008 By

Illinois Housing Development Authority

This is a 30 Year Fixed Rate program designed to be delivered to Illinois residents at below-market rates. As with all tax-incented programs, there are income and purchase price restrictions.

Benefits of the program:
• Below Market Financing
• Minimal Down Payment Requirements
• Flexible underwriting [...]

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