310 ILCS 65/1
Short title
Short title. This Act shall be known and may be cited as the "Illinois Affordable Housing Act". (Source: P.A. 86-925.)
Illinois Compiled Statutes 310 ILCS 65 — Illinois Affordable Housing Act.
Illinois · statute · 310 ILCS 65 · 18 active provisions
310 ILCS 65/2
Legislative findings and declarations
Legislative findings and declarations. It is hereby found and declared that an acute shortage of affordable housing exists in the State of Illinois; and that this crisis has been exacerbated by a sharp reduction in federal funding for affordable housing, by the potential prepayment of subsidized federal mortgages, and…
310 ILCS 65/3
Definitions
Definitions. As used in this Act: (a) "Program" means the Illinois Affordable Housing Program. (b) "Trust Fund" means the Illinois Affordable Housing Trust Fund. (b-5) (Blank). (c) "Low-income household" means a single person, family or unrelated persons living together whose adjusted income is more than 50%, but less…
310 ILCS 65/4
Illinois Affordable Housing Program
Illinois Affordable Housing Program. The Illinois Affordable Housing Program is hereby created for the purpose of developing and coordinating public and private resources targeted to meet the affordable housing needs of low-income and very low-income households in the State of Illinois. The Program shall be developed,…
310 ILCS 65/5
Illinois Affordable Housing Trust Fund
Illinois Affordable Housing Trust Fund. (a) There is hereby created the Illinois Affordable Housing Trust Fund, hereafter referred to in this Act as the "Trust Fund" to be held as a separate fund within the State Treasury and to be administered by the Program Administrator. The purpose of the Trust Fund is to finance p…
310 ILCS 65/6
Advisory Commission
Advisory Commission. (a) There is hereby created the Illinois Affordable Housing Advisory Commission. The Commission shall consist of 15 members. Three of the Commissioners shall be the Directors of the Illinois Housing Development Authority, the Illinois Finance Authority and the Department of Commerce and Economic Op…
310 ILCS 65/7
Powers of the Program Administrator
Powers of the Program Administrator. The Program Administrator, in addition to the powers set forth in the Illinois Housing Development Act and the powers identified in Sections 8 and 9 of this Act, has the power to: (a) identify, select and make financing available to eligible applicants from monies in the Trust Fund…
310 ILCS 65/8
Uses of Trust Fund
Uses of Trust Fund. (a) Subject to annual appropriation to the Funding Agent and subject to the prior dedication, allocation, transfer and use of Trust Fund Moneys as provided in Sections 8(b), 8(c) and 9 of this Act, the Trust Fund may be used to make grants, mortgages, or other loans to acquire, construct, rehabilita…
310 ILCS 65/9
Notes and bonds
Notes and bonds. (a) Subject to the restrictions on purposes and uses contained in this Act and the limit on amount contained in Section 22 of the Illinois Housing Development Act, the Program Administrator may issue Affordable Housing Program Trust Fund Bonds or Notes pursuant to the Illinois Housing Development Act.…
310 ILCS 65/10
Trust Fund restrictions and stipulations
Trust Fund restrictions and stipulations. (a) All housing financed and all assistance provided from the Trust Fund shall be available to all eligible persons regardless of race, color, ancestry, unfavorable military discharge, familial status, marital status, national origin, religion, creed, sex, age, or disability. (…
310 ILCS 65/10.5
Minimum standard of living requirement
Minimum standard of living requirement. All housing financed under the Illinois Affordable Housing Program must meet a minimum standard of living requirement. In order for a program applicant to be eligible to receive funding to acquire, construct, rehabilitate, develop, operate, insure, or retain affordable single-fam…
310 ILCS 65/11
Trust Fund commitments and distributions
Trust Fund commitments and distributions. (a) Trust Fund Moneys shall be committed and distributed from the Trust Fund first as provided in Sections 8(b), 8(c) and 9 of this Act with any undistributed or uncommitted balance remaining in the Trust Fund to be committed, used, and distributed for purposes authorized in Se…
310 ILCS 65/12
Housing development credits
Housing development credits. Subject to appropriations by the General Assembly directly to the Development Credits Account of the Trust Fund, the Program Administrator shall make grants to eligible applicants for the purposes of encouraging investment in affordable housing for very low-income, low-income and moderate i…
310 ILCS 65/13
Senior Congregate Housing Demonstration Project
Senior Congregate Housing Demonstration Project. (a) The Program Administrator shall, on the recommendation of the Commission and in cooperation with the Department on Aging, implement a senior congregate housing demonstration project for low and very low-income persons 65 years of age or older. The demonstration proje…
310 ILCS 65/14
Homeless Veterans Demonstration Project
Homeless Veterans Demonstration Project. (a) The Program Administrator shall, on the recommendation of the Commission and in cooperation with the Department of Veterans Affairs, implement a demonstration project for low and very low-income homeless veterans and their families. This demonstration project shall consist o…
310 ILCS 65/15
Rural Housing Projects
Rural Housing Projects. In addition to other financing that the Program Administrator may make available, the Program Administrator may issue notes and bonds for the purposes of financing rural community housing projects for low and very low-income households, in accordance with the provisions of this Act. For the purp…
310 ILCS 65/17
Annual budget and report
Annual budget and report. (a) Within 9 months after the effective date of this Act, the Commission shall prepare a plan listing available resources, priorities for expenditures, and procedures for making application for grants and loans. The plan shall be published in the Illinois Register. Such a plan shall be prepare…
310 ILCS 65/18
Pets in affordable housing projects
Pets in affordable housing projects. (a) The enforcement of policies relating to keeping a pet within a residence may include: (1) compliance with noise and sanitation standards; (2) registration of the common household pet with the owner of the residential housing; (3) restraint of the common household pet in common a…