Is there a maximum employee income allowed under the REACH Illinois program?
No. An employer designs its own eligibility parameters. To leverage state matching funds (for employees buying a home), an employee’s household income cannot exceed 80% of the local Area Median Income. To take advantage of state tax credits (for the employer), employees’ household incomes can go up to 120 percent of Area Median Income. Click here for the Area Median Incomes in your county.
