Chicago offers one of the most robust affordable housing incentive ecosystems in the country. The Chicago Housing Authority's Plan for Transformation, Illinois Housing Development Authority's LIHTC program, and numerous TIF districts create layered investment opportunities.
These programs are available specifically to investors and developers in the Chicago, IL market.
Over 130 active Tax Increment Financing districts provide significant incentives for affordable housing and commercial development.
Learn moreIllinois allocates over $40M annually in 9% LIHTC credits, with strong emphasis on Chicago's south and west side communities.
Learn moreChicago's inclusionary zoning policy requiring affordable units in new developments or in-lieu fees funding affordable housing.
Learn moreProvides rental subsidies for extremely low-income households, creating guaranteed revenue streams for participating landlords.
Learn moreLow-Income Housing Tax Credits are the largest source of affordable housing financing in the U.S. In Illinois, credits are allocated by IHDA.
Credits are allocated by IHDA through their Qualified Allocation Plan (QAP), which outlines scoring criteria and priorities.
View IHDA LIHTC Program135 Opportunity Zones — the most of any city in the U.S.
130+ active TIF districts provide layered incentives
Chicago's south and west sides are heavily targeted by IHDA's QAP
The city's Low-Income Housing Trust Fund provides additional rental subsidies on top of Section 8
FundNow Capital provides DSCR loans, bridge financing, and portfolio loans that complement government incentive programs in Chicago.
Qualify using Section 8 rental income — government-backed rents strengthen your DSCR ratio.
Learn moreShort-term financing to acquire and stabilize properties before permanent LIHTC or agency financing.
Learn moreFinance multiple properties in Chicago's Opportunity Zones under a single loan structure.
Learn moreTell us about your Chicago investment plans. We'll match you with the best financing options within 24 hours.