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TITLE 47: HOUSING AND COMMUNITY DEVELOPMENT
CHAPTER II: ILLINOIS HOUSING DEVELOPMENT AUTHORITY

TITLE 47: HOUSING AND COMMUNITY DEVELOPMENT
CHAPTER II: ILLINOIS HOUSING DEVELOPMENT AUTHORITY
PART 365 AFFORDABLE HOUSING BOND PROGRAM

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SUBPART A: GENERAL RULES

Section 365.101 Authority

Section 365.102 Purpose and Objectives

Section 365.103 Definitions

Section 365.104 Borrowing by the Authority

Section 365.105 Compliance with Law

Section 365.106 Standards

Section 365.107 Authority Determinations

Section 365.108 Forms and Procedures for the Program

Section 365.109 Fees and Charges of the Authority

Section 365.110 Waiver (Repealed)

Section 365.111 Amendment

Section 365.112 Severability

Section 365.113 Gender and Number

Section 365.114 Titles and Captions

Section 365.115 Calendar Days

SUBPART B: ELIGIBILITY

Section 365.201 Eligible Activities

Section 365.202 Market Rate Developments

Section 365.203 Eligible Mortgagors Who May Receive Loans

Section 365.204 Land Trusts

SUBPART C: APPLICATION

Section 365.301 Application

Section 365.302 Site and Market Study

Section 365.303 Staff Recommendation to the Advisory Commission

Section 365.304 Authority Determination

Section 365.305 Conditional Commitment

SUBPART D: NOTICE OF PROPOSED MULTI-FAMILY DEVELOPMENTS

Section 365.401 Applicability and Purpose of Notification

Section 365.402 Notification by Authority

Section 365.403 Comments and Responses

Section 365.404 Compilation of Comments and Responses

Section 365.405 Hearings

SUBPART E: OWNER OF MULTI-FAMILY PROJECTS

Section 365.501 Eligible Mortgagors

Section 365.502 Organizational Documents

Section 365.503 Books and Records

Section 365.504 Audits

Section 365.505 Annual Financial Report

Section 365.506 Furnishing Information

Section 365.507 Standards for Approval of Conveyance

Section 365.508 Purchase of Authority Bonds and Notes

SUBPART F: MORTGAGE LOANS TO DEVELOPMENTS

Section 365.601 Maximum Loan Amount for Developments

Section 365.602 Maturity of Loans

Section 365.603 Recapture of Assistance

Section 365.604 Prepayment of Loan

SUBPART G: RETURN ON EQUITY

Section 365.701 Statutory Authorization Establishing Rate of Return

Section 365.702 Equity and Distributions

Section 365.703 Development Funds and Property

Section 365.704 Reserve Fund for Replacements

SUBPART H: CONSTRUCTION

Section 365.801 Design and Construction Standards

SUBPART I: ENERGY EFFICIENCY

Section 365.901 Standards

SUBPART J: CERTIFICATIONS

Section 365.1001 Environmental Assessment

Section 365.1002 Other Laws

SUBPART K: MARKETING AND MANAGEMENT

Section 365.1101 Marketing and Management

Section 365.1102 Marketing and Management Plans

Section 365.1103 Maintenance

Section 365.1104 Cost of Service

SUBPART L: TENANTS AND OCCUPANCY

Section 365.1201 Displacement

Section 365.1202 Relocation Plan

Section 365.1203 Tenant Selection Plan

Section 365.1204 Income and Rent Limits

Section 365.1205 Commercial Facilities

AUTHORITY: Implementing Sections 7.19 and 7.25 of the Illinois Housing Development Act [20 ILCS 3805/7.19 and 7.25] and authorized by Sections 4 and 7(e) of the Illinois Affordable Housing Act [310 ILCS 65/4 and 7(e)].

SOURCE: Emergency Rules adopted at 18 Ill. Reg. 1596, effective January 12, 1994, for a maximum of 150 days; adopted at 18 Ill. Reg. 8633, effective May 25, 1994; amended at 22 Ill. Reg. 3846, effective February 4, 1998.