Illinois Housing Development Authority

Illinois Housing Development Authority (IHDA), a state housing finance agency headquartered in Chicago, serves as a prime recipient of federal housing grant awards from the U.S. Department of Housing and Urban Development and administers those funds as a pass-through to local housing developers, nonprofit organizations, and community partners across Illinois. IHDA does not hold federal contracts and does not act as a federal contractor; it functions exclusively as a federal grant recipient distributing HUD appropriations to sub-recipients under HOME Investment Partnerships Program (CFDA 14.239) and Housing Trust Fund (CFDA 14.275) formula allocations, with limited participation in HUD's Project Rental Assistance Demonstration program for supportive housing serving persons with disabilities.

IHDA's federal grant portfolio centers on affordable housing production, preservation, and rehabilitation. Recent prime awards include a $15.7 million HOME Investment Partnerships formula grant obligated through September 30, 2034, and a $6.65 million Housing Trust Fund formula grant running through January 28, 2033, both awarded January 28, 2026 by HUD's Assistant Secretary for Community Planning and Development. 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 across the state, with all assisted housing maintaining affordability for five to twenty years depending on activity type. Housing Trust Fund allocations require at least 80 percent of awarded funds to support rental housing production and preservation targeting extremely low-income and very low-income households at or below 30 percent of area median income. IHDA must commit awarded funds to specific housing projects within 24 months and fully expend them within five years.

IHDA's federal footprint shows high customer concentration. Ninety-six total awards (prime and sub combined) spanning since 2007 and obligating $799.3 million track exclusively to two HUD offices: the Assistant Secretary for Community Planning and Development (33 awards) and the Assistant Secretary for Housing Federal Housing Commissioner (5 awards). The split between prime and sub reflects IHDA's role as state intermediary: 40 percent of awards are prime grants to IHDA itself, while 60 percent are sub-awards flowing from IHDA to developers, nonprofits, and local partners implementing specific housing projects. Sub-awards documented in the source consist almost entirely of administrative expense reimbursements drawn from prior-year grant allocations, reflecting IHDA's continuous management and compliance function across its portfolio. Recent award volume shows sharp growth from 2022 to 2024 (6 to 34 awards annually), with only one award scheduled for ultimate completion in the next twenty-four months, indicating minimal near-term recompete exposure.