SB1484 - COOPERATIVE HOUSING FUND
Illinois - 103rd General Assembly
Introduced byMike Simmons, Mattie Hunter, Javier Loera Cervantes
Last updated over 1 year ago
20 Co-Sponsors
Amends the State Finance Act. Creates the Cooperative Housing Fund as a special fund in the State treasury. Directs the Illinois Housing Development Authority to use appropriated moneys from the Fund to award grants to various organizations for cooperative housing developments. Allows only $5,000,000 in these grants to be issued by the Authority in each fiscal year. Defines "cooperative housing". Effective immediately.
STATUS
Passed
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