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Illinois New Markets Development Program

The application period for the January 2024 round is closed. 

The Annual Report portal for Calendar Year 2023 is now open. File your Annual New Markets Report; this link will be active through February, 14, 2024. 

Current Program Participants

Each qualified community development entity shall submit an annual report to the Department within 45 days after the beginning of each calendar year during the compliance period.  Reports for the 2024 calendar year are due between January 1, 2024 and February 14, 2024.  The annual report will be reviewed to verify compliance prior to issuing tax credit certificates.  The Department will post a revised reporting form for 2024 in the coming weeks.  Please do not submit a report using last year’s reporting form.  The content will be similar, but we are revising it to collect more detailed information about the investment and eligible claimants.   If you have any questions, please reach out to ceo.newmarkets@illinois.gov

Program Documents and Additional Information

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