2008 & 2009 Final Qualified Allocation Plan: Low Income Housing Tax Credit Qualified Allocation Plan for the State of Illinois

              Foreward
This Qualified Allocation Plan (“QAP”) is the result of an extensive public dialogue between the
Illinois Housing Development Authority (the “Authority”), for- and non-profit affordable
housing developers, consultants, tax credit syndication firms, affordable housing advocates, and
a host of other professionals involved in the affordable housing industry.
The 2008 & 2009 QAP incorporates the statewide affordable housing policy, which calls for an
annual comprehensive housing plan that includes the development or rehabilitation of a range of
permanent housing for the following underserved populations:
  Families earning below 50% of area median income, with particular emphasis on
families earning below 30% of area median income,
  Low-income seniors,
  Low-income persons with any form of disability, including but not limited to physical
disability, developmental disability, mental illness, co-occurring mental illness and
substance abuse disorder, or HIV/AIDS,
  Homeless persons and persons determined to be at risk of homelessness, and
  Low and moderate-income persons unable to afford housing near work.
In addition, the Authority includes low-income persons residing in existing affordable housing in
danger of being lost as affordable housing stock as a priority population. The Authority will
strive to serve these priority populations to the greatest extent possible.
The Authority's CY’s 2008 & 2009 Qualified Allocation Plan ("QAP") and Information Packet
are an integral part of the CY 2008 & 2009 Tax Credit Application ("Application"). These
documents explain the Authority's application and review process (including the scoring system
and market and underwriting requirements), reservation and allocation of credits, and
compliance monitoring. Please carefully read the QAP and Information Packet prior to
submitting your Application to the Authority.
*NOTE: Check the IHDA website for the most updated version of the Common Application.
Applications must be complete upon submission. Substantial changes or additions to
applications will not be accepted after 5:00 p.m. CST on the Application deadline date.
Administrative errors may be corrected within seven (7) business days.
IHDA reserves the right to make supplemental changes to the CY 2008 & 2009 QAP, subject to
public notice requirements.
Attendance at Authority-sponsored application workshops is strongly encouraged. Workshop
information may be found at www.ihda.org.