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The Illinois Housing Development Authority (IHDA) is a quasi-independent State of Illinois agency that provides assistance, primarily but not exclusively through financing, for participants in the Illinois housing industry. Description. As of 2022, the IHDA derives its standing from the Illinois Housing Development Act, enacted in 1967.
The Federal Housing Finance Agency (FHFA) is an independent federal agency in the United States created as the successor regulatory agency of the Federal Housing Finance Board (FHFB), the Office of Federal Housing Enterprise Oversight (OFHEO), and the U.S. Department of Housing and Urban Development government-sponsored enterprise mission team, absorbing the powers and regulatory authority of ...
Living spaces. The Low-Income Housing Tax Credit (LIHTC) is a federal program in the United States that awards tax credits to housing developers in exchange for agreeing to reserve a certain fraction of rent-restricted units for lower-income households. [1] The program was created under the Tax Reform Act of 1986 (TRA86) to incentivize the use ...
Many down payment assistance programs are available through state housing finance agencies. Some major cities, nonprofits and even mortgage lenders administer their own programs, as well.
Benton is home to about 6,700 people according to the 2020 Census. In terms of housing units, there are only about 3,360, but prices are still low. The average cost of a home in Benton is $101,005 ...
Sponsoring entity. State housing finance agencies (HFAs) Federal Housing Administration (FHA) Available from. State-approved lenders. Banks, credit unions, mortgage companies and other businesses ...
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