HUD lender profile
Illinois Housing Development Authority: HUD multifamily lending record
HUD insured 36 multifamily loans with Illinois Housing Development Authority as lender in FY2022-FY2026, for $292 million and 3,720 units. That is 0.5% of all HUD multifamily dollars in those years and #39 among lenders.
- HUD files it as ILLINOIS HOUSING DEVELOPMENT AUTHORITY
- Endorsement data run October 8, 2026
What the numbers say
In FY2026 it closed 5 HUD loans for $25.6 million, down 70% from FY2025 and ranking #44 among HUD multifamily lenders that year.
Its HUD book is concentrated: HFA risk share made up 100% of its dollars over five years.
Every one of those loans was in Illinois.
Its median loan was $6.3 million, below the $14.3 million median for all HUD multifamily endorsements in the same years.
36 of its 36 loans (100%) carried low-income housing tax credits, against 32% across all HUD multifamily endorsements.
Most of its HUD volume is Section 542(c) risk sharing, where a state or local housing finance agency underwrites the loan and shares losses with HUD. Those loans are not MAP loans and follow the agency's own process, which is why firm-to-closing times look so different from FHA's full-insurance programs.
HUD volume by fiscal year
- 223(f)
- New construction / sub rehab
- Other programs
| FY | Loans | Dollars | 223(f) | NC/SR | Rank | |
|---|---|---|---|---|---|---|
| FY2026 | 5 | $25.6M | 0 | 0 | #44 | |
| FY2025 | 11 | $86.4M | 0 | 0 | #28 | |
| FY2024 | 10 | $87.2M | 0 | 0 | #22 | |
| FY2023 | 6 | $55.5M | 0 | 0 | #36 | |
| FY2022 | 4 | $36.9M | 0 | 0 | #44 | |
| FY2021 | 7 | $202M | 0 | 0 | #32 | |
| FY2020 | 7 | $26.7M | 0 | 0 | #53 | |
| FY2019 | 5 | $41.8M | 0 | 0 | #44 | |
| FY2018 | 3 | $14.1M | 0 | 0 | #54 | |
| FY2017 | 4 | $51.7M | 0 | 0 | #39 | |
| Since FY2001 | 92 | $802M | ||||
Program columns count loans. Rank is by dollars among all HUD multifamily lenders that fiscal year.
Program mix, FY2022-FY2026
| Program | Loans | Dollars | Median loan |
|---|---|---|---|
| 542(c) housing finance agency risk sharing | 36 | $292M | $6.3M |
Where it lends
| State | Loans | Dollars |
|---|---|---|
| Illinois | 36 | $292M |
Firm commitment to closing
Days from the firm commitment date HUD records to initial endorsement, for this lender's FY2022-FY2026 loans. This is the last stretch of a HUD deal, after underwriting is done; it is not the whole timeline from application.
- All its loans with both dates (36)
- 864 days median
- Middle half of its loans
- 373-1064 days
- All lenders, FHA programs, FY2022-FY2026
- 91 days
Most recent HUD endorsements
| Endorsed | Property | Program | Loan |
|---|---|---|---|
| 2026-05-28 | Deville Manor · IL | HFA risk share | $1.7M |
| 2026-05-18 | Starling Senior Apartments · IL | HFA risk share | $2.5M |
| 2026-04-30 | Wildwood Trace · IL | HFA risk share | $2.6M |
| 2026-03-30 | Otto Veterans Square · IL | HFA risk share | $4.8M |
| 2025-11-06 | Fox Shore Apartments · IL | HFA risk share | $14.0M |
| 2025-09-15 | Harvey II & III · IL | HFA risk share | $5.0M |
| 2025-09-11 | Greenhaven Apartments Fka Quentin Apartments · IL | HFA risk share | $4.1M |
| 2025-07-01 | Beech Street Senior Lofts · IL | HFA risk share | $3.5M |
| 2025-05-16 | South Park Plaza Risk Share · IL | HFA risk share | $13.3M |
| 2025-03-04 | Riverwoods Apartments · IL | HFA risk share | $9.3M |
| 2025-02-05 | Poplar Place Townhomes · IL | HFA risk share | $3.5M |
| 2024-12-19 | Taft Homes 9% + Rad · IL | HFA risk share | $6.0M |
Largest loans, FY2022-FY2026
| Property | Program | Loan |
|---|---|---|
| Southern Hills Orlando Apartments · IL | HFA risk share | $21.3M |
| Willa Rawls Manor · IL | HFA risk share | $20.7M |
| Lawson House Rad · IL | HFA risk share | $17.2M |
| Round Barn Manor · IL | HFA risk share | $16.0M |
| The Villager/briarwood · IL | HFA risk share | $16.0M |
| Autumn Ridge Apartments · IL | HFA risk share | $15.8M |
| Fox Shore Apartments · IL | HFA risk share | $14.0M |
| Two Towers · IL | HFA risk share | $13.3M |
Its HUD servicing book today
HUD's active insured mortgage file (as of September 30, 2026) lists Illinois Housing Development Authority as servicer on 87 apartment loans with $743 million of balance and 10,543 units. The median note rate on that book is 4.84%. 15 of the loans carry a rate under 4%. 1 mature within five years. HUD lists the same name as holder of 87 loans.
- Risk sharing
- 86 loans
- 221(d)(4)
- 1 loans
Largest servicing states: Illinois (87).
Compare it with the rest of the market in the HUD lender league table, see what recent loans closed at on HUD rates, or read how the 223(f) and 221(d)(4) programs work.
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