Illinois Administrative Code

Section 366.502 Terms and Conditions of the Purchase of Loans a) The Authority shall purchase Loans on the terms and conditions and in the manner prescribed in the Mortgage Purchase Agreement. The Mortgage Purchase Agreement shall contain such warranties of the Lender in connecti…

Section 366.503 Mortgage Pool Insurance If required by the applicable Series Resolution, the Authority shall obtain Pool Insurance for each Series Program in an amount not less than that percentage of the original aggregate principal amount of the Loans authorized by such Series …

Section 366.504 Special Hazard Insurance If required by the applicable Series Resolution, the Authority shall obtain Special Hazard Insurance for such Series Program in the amount required by such Series Resolution. SUBPART F: ADMINISTRATIVE RULES

Section 366.601 Servicing of Loans The Authority shall cause all Loans purchased by the Authority to be serviced by a Servicer pursuant to the Servicing Agreement.

Section 366.602 Equal Opportunity Lending In making Loans, the Lender shall not deny such Loans to any person or persons or discriminate against such person or persons in fixing the amount, interest rate, duration, or other terms and conditions of such Loans on account of race, c…

Section 366.603 Inspection of Books and Records Upon prior written notice, the Authority may inspect, examine, and copy the books and records of each Lender for the purpose of determining compliance with the Authority's Rules, the Act, the Affordable Housing Act and all contracts…

Section 366.604 Termination The Authority shall retain the right to establish procedures for the termination of its obligation to purchase Loans associated with any particular issue of Bonds under the Program, subject to applicable State law and to its existing contractual obliga…

Section 368.101 Authority This Part is authorized by and made pursuant to the Accessible Housing Demonstration Grant Program Act [310 ILCS 95], which shall govern the Program.

Section 368.102 Purposes and Objectives This Part is established to accomplish the purposes of the Accessible Housing Demonstration Grant Program Act and in particular to make grants to Qualified Builders to encourage the building of Single Family Residences that are accessible t…

Section 368.103 Definitions As used in this Part, the following words or terms shall have the meanings assigned to them. "Accessibility Standards": The standards for the construction of a Spec Home, which shall include the following: The Spec Home shall have at least one no-step …

Section 368.104 Standards and Criteria In considering applications for Grants, the Authority and the Staff shall, in the exercise of discretion, consider, in addition to the requirements of Section 368.203: a) The size, number and type of the proposed Spec Homes; b) The location …

Section 368.105 Forms and Procedures for the Program The Staff may prepare, use, supplement, and amend such forms, agreements, and other documents and such procedures as may be necessary to implement the Program, all as may be prescribed by the Executive Director.

Section 368.106 Amendment This Part may be supplemented, amended, or repealed by the Authority from time to time and in such manner as they may determine consistent with this Part, the Act, the Accessible Housing Demonstration Grant Program Act, the Illinois Administrative Proced…

Section 368.107 Severability If any clause, sentence, paragraph, subsection, Section, or Subpart of this Part is adjudged by any court of competent jurisdiction to be invalid, such judgment shall not affect, impair, or invalidate the remainder of this Part, but shall be confined …

Section 368.108 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 368.109 Titles and Captions Titles and captions or Subparts, Sections, and subsections are used for convenience and reference and are not a part of the text. SUBPART B: APPLICATION

Section 368.201 Forms The Authority shall develop an Application Form, a Grant Agreement, and any other forms that it may deem necessary for the conduct of the Program.

Section 368.202 Application Applicants seeking a Grant under the Program shall submit to the Authority a completed Application Form together with all required documentation.

Section 368.203 Accompanying Documentation For each Spec Home that an Applicant proposes to construct under the Program, the Applicant shall include: a) an Architect's Initial Certificate; and b) a Building Permit, if required by the jurisdiction in which the Spec Home is to be c…

Section 368.204 Review Within 10 business days after the receipt of an Application, the Staff shall determine whether such Application meets the eligibility requirements of Sections 368.104 and 368.203. If the Staff determines that the Application meets such requirements, it shal…

Section 368.205 Grant Agreement Upon the approval of an Application, the Authority and the Applicant shall enter into a Grant Agreement. Upon entering the agreement, the Qualified Builder will have up to one year to complete the construction of the Spec Home.

Section 368.206 Monitoring of Program by the Authority Upon reasonable notice, the Qualified Builder shall allow the Authority to inspect the Spec Homes until one year after the date of the Grant Agreement. SUBPART C: DISBURSEMENT OF GRANT PROCEEDS

Section 368.301 Application for Disbursement of Grant Proceeds Upon the completion of a Spec Home, the Qualified Builder shall submit a Request for Disbursement to the Authority. Such request shall include an Architect's Final Certificate and, if required by the jurisdiction in w…

Section 368.302 Review Within 10 business days after the receipt of a Request for Disbursement, the Staff shall determine whether such request meets the requirements of Section 368.301. If such requirements have been met, the Authority shall disburse Grant proceeds in the request…

Section 369.101 Purpose and Objectives The Rules in this Part are established to accomplish the general purposes of the Act, and in particular the making of grants in connection with the construction or rehabilitation of qualified multifamily rental housing developments in accord…

Section 369.102 Definitions As used in this Part, the following words or terms mean: "Act": The Illinois Housing Development Act [20 ILCS 3805]. "Affordable Housing Grant Act": The Illinois COVID-19 Affordable Housing Grant Program Act [310 ILCS 126]. "Allocation": An allocation …

Section 369.103 Compliance with Federal Law Notwithstanding anything herein to the contrary, this Part shall be construed in conformity and compliance with applicable federal law, including, without limitation, Section 42 of the Code.

Section 369.104 Standards In administering the Program, the Authority, the Chairman, the Director, and the Staff shall consider, in addition to the criteria specifically set forth in this Part (particularly in Subparts B and C), the following: the purposes of the Program to provi…

Section 369.105 Procedures, Fees and Charges In connection with the Program, the Authority will establish forms, agreements, documents and procedures that may be used by the Authority for its general corporate purposes, including costs of administering the Program, to the extent …

Section 369.106 Amendment This Part may be supplemented, amended or repealed in accordance with the Illinois Administrative Procedure Act [5 ILCS 100], by the Members from time to time and in such manner as they may determine consistent with the Rules, the Act and other applicabl…

Section 369.107 Severability If any clause, sentence, paragraph, subsection, Section, or Subpart of this Part 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…

Section 369.201 Applications a) Eligibility. An Owner of a Qualified Development is eligible to apply for a Grant only if it has received or is simultaneously receiving an Allocation. b) Process. An Owner of a Qualified Development may submit an application for a Grant as part of…

Section 369.301 Maximum Grant Amount a) Establishing Amount. The maximum grant amount available for any Qualified Development shall be 35% of Total Development Costs. b) Grant Increase. After the Authority has made a Grant for a Qualified Development, nothing contained in this Se…

Section 369.302 Prioritization Efforts a) The Authority shall make best efforts to prioritize applications for proposed Qualified Developments as follows: 1) developments that are located within a census tract that was disproportionately affected by the COVID-19 pandemic based on…

Section 369.303 Regulatory Agreement Required The Owner of a Qualified Development that receives a Grant shall enter into a Regulatory Agreement with the Authority. Because eligibility for grants is dependent on LIHTC eligibility, the owner of a Qualified development will be requ…

Section 369.304 Related Requirements Any award of a Grant shall be subject to the Related Requirements and any applicable requirements of the Act; which include: a) Restrictions: 1) Income-eligible households: Maximum AMI of 50% or 60%, or Average AMI of 60% with range between 20…

Section 371.10 Statement of Authority The Illinois Housing Development Authority (Authority) has been designated the program administrator of the HOME Investment Partnerships Program (HOME Program) in Illinois, established pursuant to Title II of the National Affordable Housing A…

Section 371.20 Incorporation By Reference The federal regulations promulgated under the HOME Act, 24 CFR Part 92 (HOME Regulations) (October 16, 1996) are hereby incorporated by reference. The full text of the HOME Regulations can be obtained from the Department of Housing and Ur…

Section 371.30 Definitions "Applicant": A person or entity applying for an allocation of funds from the Program. "Authority": The Illinois Housing Development Authority. "Clearinghouse": A State, regional or metropolitan agency designated by the Governor or the Authority, or esta…

Section 371.40 Notification by Authority a) Notice of Allocation. Prior to the presentation of an application to the Members, the Authority shall give written notice of the proposed allocation of Program funds to the following persons and agencies: 1) The chairman of the county b…

Section 371.50 Comments and Responses a) Comments. The persons and agencies receiving notice pursuant to this Section shall have 30 days from the date of mailing to submit written comments to the Authority and the Applicant. b) Applicant's Response. The Applicant shall respond in…

Section 375.101 Authority This Part is authorized by and adopted pursuant to Section 7.19 of the Illinois Housing Development Act [20 ILCS 3805/7.19] and the Federally Assisted Housing Preservation Act [310 ILCS 60] and shall govern the provision of notices required by the Federa…

Section 375.102 Purposes and Objectives This Part is established to implement the notice requirements under the Federally Assisted Housing Preservation Act. The purpose of this Part is to create a uniform procedure for producing and delivering notices under the Federally Assisted…

Section 375.103 Definitions As used in this Part, the following words or terms mean: "Act": The Illinois Housing Development Act [20 ILCS 3805]. "Affected Public Entities": The mayor of the city or village in which the Assisted Housing Development is located or, if the Assisted H…

Section 375.104 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 such manner as the members may determine consistent with the Act, the purposes of the Preservation Act, and other ap…

Section 375.105 Severability If any clause, sentence, subsection, Section or Subpart of this Part shall be adjudged by any court of competent jurisdiction to be invalid, that judgment shall not affect, impair or invalidate the remainder of this Part, but shall be confined in its …

Section 375.106 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. SUBPART B: NOTICE PROCEDURES