103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB3291 Introduced , by Rep. Theresa Mah SYNOPSIS AS INTRODUCED: 310 ILCS 65/17 from Ch. 67 1/2, par. 1267 Amends the Illinois Affordable Housing Act. Provides that 1% of the annual proposed budget stemming from the plan shall be allocated to support limited-equity cooperative housing through programs and subsidies for cooperative homebuyer assistance, building acquisition and renovation, assistance with monthly housing charges, predevelopment funding, and technical assistance. LRB103 30435 KTG 56866 b A BILL FOR 103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB3291 Introduced , by Rep. Theresa Mah SYNOPSIS AS INTRODUCED: 310 ILCS 65/17 from Ch. 67 1/2, par. 1267 310 ILCS 65/17 from Ch. 67 1/2, par. 1267 Amends the Illinois Affordable Housing Act. Provides that 1% of the annual proposed budget stemming from the plan shall be allocated to support limited-equity cooperative housing through programs and subsidies for cooperative homebuyer assistance, building acquisition and renovation, assistance with monthly housing charges, predevelopment funding, and technical assistance. LRB103 30435 KTG 56866 b LRB103 30435 KTG 56866 b A BILL FOR
103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB3291 Introduced , by Rep. Theresa Mah SYNOPSIS AS INTRODUCED:
310 ILCS 65/17 from Ch. 67 1/2, par. 1267 310 ILCS 65/17 from Ch. 67 1/2, par. 1267
310 ILCS 65/17 from Ch. 67 1/2, par. 1267
Amends the Illinois Affordable Housing Act. Provides that 1% of the annual proposed budget stemming from the plan shall be allocated to support limited-equity cooperative housing through programs and subsidies for cooperative homebuyer assistance, building acquisition and renovation, assistance with monthly housing charges, predevelopment funding, and technical assistance.
LRB103 30435 KTG 56866 b LRB103 30435 KTG 56866 b
LRB103 30435 KTG 56866 b
A BILL FOR
HB3291LRB103 30435 KTG 56866 b HB3291 LRB103 30435 KTG 56866 b
HB3291 LRB103 30435 KTG 56866 b
1 AN ACT concerning housing.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 5. The Illinois Affordable Housing Act is amended
5 by changing Section 17 as follows:
6 (310 ILCS 65/17) (from Ch. 67 1/2, par. 1267)
7 Sec. 17. Annual Budget and Report.
8 (a) Within 9 months after the effective date of this Act,
9 the Commission shall prepare a plan listing available
10 resources, priorities for expenditures, and procedures for
11 making application for grants and loans. The plan shall be
12 published in the Illinois Register. Such a plan shall be
13 prepared annually and published for each succeeding year.
14 (b) Within 60 days of the end of each fiscal year, the
15 Commission shall prepare a report to the General Assembly
16 describing the activities of the Affordable Housing Program
17 for the preceding year.
18 (c) 1% of the annual proposed budget stemming from the
19 plan shall be allocated to support limited-equity cooperative
20 housing through programs and subsidies for cooperative
21 homebuyer assistance, building acquisition and renovation,
22 assistance with monthly housing charges, predevelopment
23 funding, and technical assistance.
103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB3291 Introduced , by Rep. Theresa Mah SYNOPSIS AS INTRODUCED:
310 ILCS 65/17 from Ch. 67 1/2, par. 1267 310 ILCS 65/17 from Ch. 67 1/2, par. 1267
310 ILCS 65/17 from Ch. 67 1/2, par. 1267
Amends the Illinois Affordable Housing Act. Provides that 1% of the annual proposed budget stemming from the plan shall be allocated to support limited-equity cooperative housing through programs and subsidies for cooperative homebuyer assistance, building acquisition and renovation, assistance with monthly housing charges, predevelopment funding, and technical assistance.
LRB103 30435 KTG 56866 b LRB103 30435 KTG 56866 b
LRB103 30435 KTG 56866 b
A BILL FOR
310 ILCS 65/17 from Ch. 67 1/2, par. 1267
LRB103 30435 KTG 56866 b
HB3291 LRB103 30435 KTG 56866 b
HB3291- 2 -LRB103 30435 KTG 56866 b HB3291 - 2 - LRB103 30435 KTG 56866 b
HB3291 - 2 - LRB103 30435 KTG 56866 b
1 (Source: P.A. 86-925.)
HB3291 - 2 - LRB103 30435 KTG 56866 b