Illinois Administrative Code

Section 120.55 Grantee Termination or Reduction in Funding For the purpose of this Part, Section 676 (Assurance 13) and 678C of the Act (42 USC 9908(13) and 9915), administrative requirements of 47 Ill. Adm. Code 1.110, and the provisions of this Section are applicable. a) Any Co…

Section 120.60 Grantee Selection a) In areas of the State where the grantee's CSBG funding has been terminated in accordance with Section 120.55, the Department will initiate a process to select a successor agency in accordance with Sections 673 and 676 of the Act (42 USC 9902 an…

Section 120.70 Required Board Structure a) Grantee Board Requirement 1) Each Grantee participating in the "90% funding" category of the Community Services Block Grant Program is required to establish a broadly representative Board of Directors as outlined under section 211(a) of …

Section 120.80 Administrative Requirements For the purpose of this Part, administrative requirements specified in 47 Ill. Adm. Code 1 and this Section are applicable. a) Compensation – The Grantee cannot be reimbursed for costs which exceed the total approved budget. If the Grant…

Section 120.90 Nondiscrimination a) Equal Employment Opportunity 1) In carrying out the program, the Grantee shall not discriminate against any employee or applicant for employment because of race, color, religion, sex, national origin, ancestry, age, physical or mental disabilit…

Section 160.10 Purpose The purpose of the Emergency Shelter Grants Program is to provide assistance for homeless and near-homeless individuals through local not-for-profit organizations, thus affording emergency relief from human deprivation. (Source: Amended at 18 Ill. Reg. 5163…

Section 160.20 Definitions For the purposes of this Part, definitions provided in the U.S. Department of Housing and Urban Development (HUD) Emergency Shelter Grants Program rules (24 CFR 575.3 (1987)) are applicable.

Section 160.30 Program Requirements a) Eligible Grantees. Any unit of general local government may apply for funding on behalf of any private, not-for-profit organization providing services to the homeless, or a not-for-profit organization may apply directly for funds. b) Eligibl…

Section 160.40 Shelter Categories Applicants may propose to provide shelter assistance within one of the following shelter categories: a) Emergency Shelters (limited) which provide bed space and food, one night at a time, and do not provide supportive services. b) Emergency Shelt…

Section 160.50 Notice of Fund Availability The Department of Commerce and Community Affairs (Department) shall release on an annual basis request for proposals (RFPs) for the purpose of soliciting formal applications from eligible local governments and not-for-profit organization…

Section 160.60 Application Requirements An application must include the following information: a) Project Summary – A description of the proposed project and the purpose for the funding request. The summary should include a brief history of the not-for-profit organization's exper…

Section 160.70 Selection for Funding a) The Department shall screen applications to determine that all requirements of the application package have been addressed. Completed applications will be reviewed and evaluated by Department staff to determine which applicants: 1) demonstr…

Section 160.80 Administrative Requirements a) Progress Reports – Progress reports may be required by the Department. These reports will outline the obligation and expenditure of funds under the shelter grants program. The Department reserves the right to request additional inform…

Section 160.90 Incorporation by Reference Any incorporation by reference in this Part of the rules and regulations of any agency of the United States or of standards of a nationally recognized organization or association includes no new amendments or editions made after the date …

Section 260.101 Authority These Rules are authorized by and made pursuant to Sections 7.19 and 7.23 of the Illinois Housing Development Act [20 ILCS 3805/7.19 and 7.23] and shall govern the Illinois Housing Development Authority's single family mortgage purchase program (the "Pro…

Section 260.102 Purposes and Objectives These Rules are established to accomplish the general purposes of the Illinois Housing Development Act and in particular the purchasing and making of loans in accordance with the Program to achieve the following objectives: the provision of…

Section 260.103 Definitions As used in this Part, the following words or terms mean: "Act": The Illinois Housing Development Act [20 ILCS 3805]. "Assistant Director": The Assistant Executive Director of the Authority. "Authority": The Illinois Housing Development Authority. "Bond…

Section 260.104 Borrowing by the Authority To the extent allowed by State or federal law and the Act, the Authority may borrow funds with which to purchase Mortgage Loans or securities, or to facilitate the origination of Mortgage Loans under the Programs. (Source: Amended at 33 …

Section 260.105 Compliance with Federal Law Notwithstanding anything in this Part to the contrary, this Part shall be construed in conformity and compliance with applicable federal law, including, without limit, Section 143 of the Code.

Section 260.106 Standards In administering the Program, the Authority and the Staff, in those instances permitting the exercise of discretion, shall consider, in addition to the criteria specifically set forth in this Part, the following factors: a) the purpose of the Program; b)…

Section 260.107 Forms for the Program The Staff may prepare, use, supplement and amend forms, agreements and other documentation as may be necessary to implement the Programs, as may be prescribed by the Director, Deputy Director, Assistant Director or Managing Director. (Source:…

Section 260.108 Fees and Charges of the Authority The Authority may establish charges, premiums and penalties as it may deem necessary to administer the Programs after consideration of such factors as, but not limited to, financing requirements of the Programs, preferences of bon…

Section 260.109 Waiver (Repealed) (Source: Repealed at 22 Ill. Reg. 3851, effective February 4, 1998)

Section 260.110 Amendment This Part may be amended or repealed by the Members from time to time in accordance with the Illinois Administrative Procedure Act and in a manner as they may determine consistent with the Act, the purposes of the Programs and other applicable provisions…

Section 260.111 Severability If any clause, sentence, subsection, Section or Subpart of this Part shall be adjudged by any court of competent jurisdiction to be invalid, such judgment shall not affect, impair or invalidate the remainder thereof, but shall be confined in its opera…

Section 260.112 Gender and Number All terms used in any one gender or number shall be construed to include any other gender or number as the context may require.

Section 260.113 Titles and Captions Titles and captions of Subparts, Sections, and subsections are used for convenience and reference and are not a part of the text.

Section 260.114 Calendar Days Days shall mean calendar days. Due dates falling on a Saturday, Sunday or legal State or federal holiday shall be deemed to fall on the next calendar day that is not Saturday, Sunday, or a legal State or federal holiday. SUBPART B: LENDER APPLICATION…

Section 260.201 Invitations to Participate in the Programs From time to time the Authority may send application materials to potential Lenders inviting them to submit to the Authority Lender Applications to participate in the Authority's Programs. Lenders wishing to participate i…

Section 260.202 Security for Allocation of Net Proceeds (Repealed) (Source: Repealed at 33 Ill. Reg. 7295, effective May 22, 2009)

Section 260.203 Allocation of Net Proceeds for Purchase of Mortgage Loans (Repealed) (Source: Repealed at 33 Ill. Reg. 7295, effective May 22, 2009)

Section 260.204 Notice of Acceptance By Notice of Acceptance, the Authority or its designee may commit itself, subject to the conditions set forth in the Lender Application and the Mortgage Purchase Agreement, to purchase Mortgage Loans, as offered by a potential Lender, or to al…

Section 260.205 Commitments for Mortgage Loans Upon receipt of the Notice of Acceptance, the Lender shall issue commitments to Eligible Borrowers to make Mortgage Loans. The Lender may continue to issue firm commitments for the period set forth in the Notice of Acceptance. Any Mo…

Section 260.301 HomeBuilder Invitations (Repealed) (Source: Repealed at 33 Ill. Reg. 7295, effective May 22, 2009)

Section 260.302 Reservation of Funds for Construction of Qualified Dwellings (Repealed) (Source: Repealed at 33 Ill. Reg. 7295, effective May 22, 2009)

Section 260.303 Notice of Reservation of Funds (Repealed) (Source: Repealed at 33 Ill. Reg. 7295, effective May 22, 2009)

Section 260.304 Real Estate Purchase Contracts (Repealed) (Source: Repealed at 33 Ill. Reg. 7295, effective May 22, 2009)

Section 260.305 Transfer of Reserved Funds (Repealed) (Source: Repealed at 33 Ill. Reg. 7295, effective May 22, 2009) SUBPART D: PURCHASE OF MORTGAGE LOANS

Section 260.401 Mortgage Loans Each Mortgage Loan to be purchased under the Programs shall comply with the terms of the Lender Application, the Notice of Acceptance and the Mortgage Purchase Agreement, and shall specifically comply with the following requirements, among others: a…

Section 260.402 Yield on Mortgage Loans In no event shall the yield on Mortgage Loans sold to the Authority or its designee exceed the maximum permitted by application of the provisions of section 143 of the Code. (Source: Amended at 33 Ill. Reg. 7295, effective May 22, 2009)

Section 260.403 Terms and Conditions of the Purchase of Mortgage Loans a) The Authority or its designee shall purchase Mortgage Loans on the terms and conditions and in the manner prescribed in the Mortgage Purchase Agreement. The Mortgage Purchase Agreement shall contain such wa…

Section 260.404 Prepayment The Authority shall apply any Prepayment it receives as follows: a) to the purchase of additional Mortgage Loans in accordance with the requirements of the Program; b) to the purchase or redemption of Bonds, subject in each case to the requirements of t…

Section 260.405 Targeted Area Residences The Authority or its designee shall comply with the requirements of section 143 of the Code in connection with the purchase of Mortgage Loans on targeted area residences. (Source: Amended at 33 Ill. Reg. 7295, effective May 22, 2009)

Section 260.406 Supplemental Mortgage Coverage If required by the applicable Series Resolution, the Authority shall obtain Supplemental Mortgage Coverage for a Series Program in an amount not less than that percentage of the original aggregate principal amount of the Mortgage Loa…

Section 260.407 Special Hazard Insurance (Repealed) (Source: Repealed at 33 Ill. Reg. 7295, effective May 22, 2009) SUBPART E: ADMINISTRATIVE RULES

Section 260.501 Restrictions on Return Realized by Lenders The Authority shall establish the maximum income that may be realized by any Lender and by any agent of any Lender from Mortgage Loans, including any fees, premiums, bonuses and points charged by the Lender or the Lender'…

Section 260.502 Servicing of Mortgage Loans The Authority shall cause all Mortgage Loans purchased by the Authority to be serviced by a Servicer pursuant to the Servicing Agreement. The Servicer may be the Authority, the Lender from which the Mortgage Loans are purchased, or any …