The Illinois Housing Development Authority (IHDA) finances the creation and the preservation of affordable housing throughout the state to increase the supply of decent and safe places for people of low or moderate means to live.

IHDA has helped finance more than 204,000 units of affordable housing, with more than $9.67 billion. While IHDA has financed affordable housing in every county in Illinois, it does not own property, rent apartments or manage buildings. It is strictly a financing entity. IHDA creates affordable housing through homeownership programs targeted for moderate-income households, or with financing for multifamily developers who build rental properties for at-need populations.

As an independent and self-supporting Authority, IHDA accomplishes its mission through a number of federal and state funding sources, including:
- the Illinois Affordable Housing Trust Fund
- the Illinois Affordable Housing Donations Tax Credit Fund
- the allocation of federal Low Income Housing Tax Credits
- federal HOME Investment Partnership Program funds
- and others.

IHDA also independently sells bonds, based on its own good credit rating, to access capital from the private markets to finance affordable housing across the state.

In response to the housing crisis, IHDA recently launched several new statewide initiatives, including the Illinois Hardest Hit Fund (www.Illinoishardesthit.org), the Illinois Foreclosure Prevention Network, (www.keepyourhomeillinois.org) and others