HB4575 - IHDA-RENTAL HOUSING PROGRAM

1 Co-Sponsor

Amends the Rental Housing Support Program Act. In provisions requiring the Illinois Housing Development Authority (Authority) to distribute certain amounts for the Rental Housing Support Program from annual receipts on deposit in the Rental Housing Support Program Fund, provides that certain annual receipts for municipalities and for grants to local administering agencies shall be distributed with priority to local administering agencies from the county in which the annual receipts were collected. Provides that the Authority shall wait at least 6 months after annual receipts are deposited into the Fund before distributing the annual receipts. In a provision concerning grants to local administering agencies to provide rent subsidies to landlords for low-income tenants, provides that at least one local administering agency shall serve each county (rather than requiring the Authority to use best efforts through outreach to local administering agencies to encourage at least one local administering agency to serve each county).