About the Tax Savings Program

The Chicago Housing Choice Voucher Tax Savings Program allows Property Owners to lower their annual property taxes. Because the program is co-administered by local housing authorities and individual county clerks, restrictions and eligibility requirements may vary from township to township.

This year, more than 1,300 Property Owners in Chicago are eligible for a significant reduction in their property taxes. The program will be recognized through the year 2014, leaving a continued opportunity for more eligible Property Owners to take part.

Applications for this year's HCV Program Tax Savings Program will be available online April 1, 2009.

Eligibility

To qualify for the tax savings program in Chicago, Property Owners must meet the following guidelines:

1. The property must be located in a census tract with a poverty rate below 10 percent
2. At least one unit must be leased to a family participating in the Chicago Housing Choice Voucher Program as of January 1 of the year for which the Property Owner is applying for the tax savings
3. The eligible unit(s) must be in compliance with federal housing quality inspection standards as of January 1 of the year for which the Property Owner is applying
4. The building must be in substantial compliance with local building codes

Finding out Whether Your Property Qualifies

In Chicago, there are more than 139,000 properties located in census tracts that qualify for the tax savings program. You can find out whether your property is in a qualifying census tract by visiting the FFEC Web site. Census tract information and instructions on how to navigate the site are available for download below.

Downloads:

Illinois Housing Authority Contact List
Tax Savings Program Application