(310 ILCS 65/12) (from Ch. 67 1/2, par. 1262)
Sec. 12.
Housing development credits.
Subject to appropriations by
the General Assembly directly to the Development Credits Account of the
Trust Fund, the Program Administrator shall make grants to eligible
applicants for the purposes of encouraging investment in affordable housing
for very low-income, low-income and moderate income households, and for
reducing the costs of the development of such housing. The Program
Administrator shall promulgate rules and regulations to implement the
Housing Development Credits Program, after consultation with the Commission.
(Source: P.A. 86-925.)
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