Multi-Family Financial Assistance Applications
The Department of Housing invites housing developers to apply for public funds and other subsidies to build and rehabilitate affordable rental properties in the City of Chicago.
The Multi-Family Financial Assistance Application includes developer assistance programs such as federal Low-Income Housing Tax Credits (LIHTC), Tax Increment Financing (TIF), tax exempt bonds and other state and local funds. Applications and related materials are available below.
Applications for the 2019 LIHTC funding round were due on Friday, Oct. 11, 2019 and are currently under review.
- 2019 Qualified Allocation Plan (QAP)
- Multi-Family Funding Application (.docx)
- Multi-Family Funding Application Instructions (.docx)
- Architectural/Technical Standards Manual (.pdf)
- Chicago Sustainable Development Policy
- DOH 2019 Proforma (.xls)
- Economic Disclosure Statement (EDS) (.pdf)
- EDS Instructions (.pdf)
- Table of Income (.pdf)
- Rent Limits and Utility Allowances (.pdf)
- Ownership Disclosure Affidavit (.pdf)
Letters of Support
The Department of Housing accepts requests for a letter of support for IHDA, FHLB and other non-City funding applications on a rolling basis. In order to review and make a determination, the request should include the following:
- Project Narrative
- City of Chicago Pro Forma
- Property Index Numbers (PINS) and addresses for City-owned land
Review and approval procedures also require a meeting to present your proposal. Complete the request form to submit your request and set up a meeting.
A decision approving or denying your request will be made within two weeks after your scheduled meeting. Incomplete requests will not be considered for review and should be considered denied. Any letter of support is subject to DOH Policies and Procedures and City Council approval.
Request a Meeting to Discuss Your Multi-Family Project
Complete the request form to schedule a meeting with the Department of Housing to discuss your proposed project. To complete the form, you will need to provide information about your project, including number of units; location; targeted population; potential funding sources; and proposed budget.
After submitting the form, you will be contacted as soon as possible to set up a meeting.
Additional Multi-Family Financing Applications
- Cook County Class 9 Program offers a 50% reduction in assessments and taxes to developers who complete major rehab on multifamily buildings and keep rent below certain levels.
- Cook County Class S Program is a tax Incentive that preserves project-based Section 8 multifamily rental housing as decent, safe and affordable options for low- and moderate-income households in Cook County.
- Illinois Affordable Housing Tax Credit (IAHTC) (Donations Tax Credit) provides a $0.50 state income tax credit for each $1 contributed to a qualified affordable housing project: Stand Alone Application, Employer Assisted Housing, and Technical Assistance