Tax credit details announced for low-income housing program

The Illinois Housing Development Authority (IHDA) has announced details for the 2021 Low Income Housing Tax Credit (LIHTC) program, which helps subsidize the acquisition, construction, and rehabilitation of affordable rental housing for low- and moderate-income tenants.

For 9% LIHTC credits, Preliminary Project Assessments (PPA) are due by October 2nd, 2020, and PPA’s for 4% LIHTC credits are due by December 31st, 2020.

For more information on the program, visit: https://www.ihda.org/developers/tax-credits/low-income-tax-credit/#collapseSix

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