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Illinois Legislation Would Allow Matching Grant for State Donation LIHTC

Wednesday, February 22, 2023 - 3:15PM

A bill introduced in the Illinois House of Representatives would allow allocating agencies to award matching grants to sponsors who receive qualifying low-income housing tax credit (LIHTC) donations. The Illinois LIHTC is for 50% of the value of a donation. Under H.B. 3878, the Illinois Housing Development Authority or the Chicago Planning and Development Department would be able to award grants for up to the amount of the tax credit received, subject to appropriation.

The twinning of state and federal LIHTCs in a capital stack will be a topic at the Novogradac 2023 Affordable Housing Conference, April 27-28 in San Francisco.

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