Home investment partnerships program

The Department of Housing and Urban Development's Assistant Secretary for Community Planning and Development awarded the Illinois Housing Development Authority $15.688 million under the Home Investment Partnerships Program (CFDA 14.239) on January 28, 2026. The assistance type is a formula grant.

IHDA, a state housing finance agency headquartered in Chicago, receives this allocation as a prime recipient and distributes it to local housing developers, nonprofit organizations, and community partners across Illinois. Under HOME program requirements, IHDA acquires, constructs, and rehabilitates rental housing; provides homebuyer assistance; and delivers tenant-based rental assistance to low- and very low-income households, with all assisted housing maintaining affordability for five to twenty years depending on activity type. IHDA must commit awarded funds to specific housing projects within 24 months and fully expend them within five years.

The award obligates $15.688 million with a period of performance through September 30, 2034. Place of performance is Chicago, Illinois. The HOME program's statutory purpose is to expand the supply of affordable housing, particularly rental housing, for low- and very low-income Americans and to strengthen the abilities of state and local governments to design and implement strategies for achieving adequate supplies of decent housing.