Dear Housing Stakeholder:

The Illinois Housing Development Authority (IHDA) and LISC are pleased to share with you that we have partnered together on a new program, the Next Generation Capacity Building Initiative (Next Gen). Next Gen is designed to expand the talent pipeline and increase diversity within the housing development field and related industries with a focus on reducing barriers to entry for developers of color in the Low-Income Housing Tax Credit (LIHTC) program. Cohorts will be provided training and technical assistance with access to pre-development financing for early costs of housing development.

Applications for Next Gen will be accepted through 5 p.m. on Friday, Dec. 1, 2023.

If you are interested, you can learn more about the program and begin that application process here.

In addition, LISC will be hosting an informational webinar to provide additional details about Next Gen and answer any questions about the initiative. It will be held at:

• 10 a.m. on Thursday, Nov. 2. To attend, please register here.

Thanks for your continued partnership.

Sincerely,

Illinois Housing Development Authority