On Tuesday, April 30, the Illinois Housing Development Authority (IHDA) began accepting applications from landlords for a portion of up to $10 million in Long Term Operating Support (LTOS) Special Demonstration Program grant funding under the Rental Housing Support Program.
Governor Pat Quinn signed into law House Bill 5450 to create additional integrated supportive housing units across the State of Illinois. This enabled the LTOS program to target extremely low-income people referred through the Statewide Referral Network. As a result of this supportive housing law, up to $10 million in rental housing subsidies may be made available over 15 years to eligible landlords to help up to 150 households headed by a person with a disability. The program is funded through a $10 fee collected from real estate document recordings.
Applications will be accepted until 3 p.m. June 10.