Housing trust fund

The Department of Housing and Urban Development Assistant Secretary for Community Planning and Development awarded the Illinois Housing Development Authority $6,654,452.74 on January 28, 2026, under the Housing Trust Fund formula grant program (CFDA 14.275).

The funding supports production, preservation, and rehabilitation of rental housing for extremely low-income and very low-income households at or below 30 percent of area median income across Illinois. At least 80 percent of the award must support rental housing production and preservation. IHDA, a state housing finance agency headquartered in Chicago, receives the award as prime recipient and distributes funds as pass-through allocations to local developers, nonprofits, and community partners implementing specific housing projects statewide.

The period of performance extends through January 28, 2033. Under Housing Trust Fund requirements, IHDA must commit awarded funds to specific projects within 24 months and fully expend them within five years. Work is performed in Chicago, Illinois. The assistance type is a formula grant. IHDA's federal footprint reflects its role as state intermediary: approximately 60 percent of its awards flow to sub-recipients as sub-grants for direct housing delivery, while 40 percent are prime allocations to IHDA itself for state-level administration and housing activities.