Income and Purchase Price Limits
Effective 07/01/2020 - for past limits, visit the historical income limits section in Document Library
Non-Targeted Household Income Limits - Above 80% AMI
Non-Targeted Household Purchase Price Limits - Above 80% AMI
Targeted
Targeted Household Income Limits - Above 80% AMI
Targeted Household Purchase Price Limits - Above 80% AMI
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Some of these limits have been determined by a Private Letter Ruling issued by the IRS to the Authority.
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These limits may be used only in connection with Authority Programs.
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Use of these limits in connection with other Bond Programs is prohibited.
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MCC is a Mortgage Credit Certificate, please visit the program directory for details.
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NON TARGETED: All other counties includes the following eighty-nine (89) counties: Adams, Alexander, Bond, Brown, Bureau, Calhoun, Carroll, Cass, Champaign, Christian, Clark, Clay, Clinton, Coles, Crawford, Cumberland, De Witt, Douglas, Edgar, Edwards, Effingham, Fayette, Ford, Franklin, Fulton, Gallatin, Greene, Hamilton, Hancock, Hardin, Henderson, Henry, Iroquois, Jackson, Jasper, Jefferson, Jersey, Jo Daviess, Johnson, Kankakee, Knox, La Salle, Lawrence, Lee, Livingston, Logan, Macon, Macoupin, Madison, Marion, Marshall, Mason, Massac, McDonough, Menard, Mercer, Montgomery, Monroe, Morgan, Moultrie, Ogle, Peoria, Perry, Piatt, Pike, Pope, Pulaski, Putnam, Randolph, Richland, Rock Island, Saline, Sangamon, Schuyler, Scott, Shelby, St. Clair, Stark, Stephenson, Tazewell, Union, Vermillion, Wabash, Warren, Washington, Wayne, White, Whiteside, Williamson, Woodford.
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TARGETED: *All other counties includes the following twenty-eight (28) counties: Adams, Alexander, Champaign, Christian, Coles, Fayette, Franklin, Jackson, Jefferson, Kankakee, Knox, Livingston, Macon, Madison, Marion, McDonough, Morgan, Peoria, Richland, Rock Island, Saline, Sangamon, St. Clair, Stephenson, Vermillion, White, Whiteside, Williamson
Below 80% AMI Income limits
Effective 05/1/2020
(for past limits, visit the historical income limits section in Document Library)
*All other counties includes the following forty-four (44) counties: Adams, Cass, Christian, Clark, Clay, Coles, Crawford, Cumberland, Edgar, Edwards, Fayette, Franklin, Fulton, Gallatin, Greene, Hamilton, Hancock, Hardin, Henderson, Iroquois, Jackson, Jefferson, Johnson, Knox, Lawrence, Marion, Mason, Massac, Montgomery, Morgan, Moultrie, Pike, Pope, Pulaski, Richland, Saline, Schuyler, Shelby, Stephenson, Union, Vermilion, Warren, Wayne, and White
Targeted Areas
The federal government has designated certain areas as “targeted areas” where more homeownership is desired. If you have clients interested in buying a home in these areas, there are typically more assistance programs available. They don’t need to be a first-time homebuyer. Income and Purchase Price limits in targeted areas are also higher, which could open the door for additional buyers to qualify.
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To determine if a particular property is located in a targeted area, please use the targeted area look-up map below. Simply enter the property address and the tool will identify the property’s location on the map with a dot (that may vary in color based on your device). If the property falls in a blue-shaded area, it is located in a targeted area. If the property falls in a green-shaded area, it is NOT in a targeted area.
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Click on the map to find targeted areas in Illinois.