Sen. Don Harmon

Filed: 5/30/2012





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2    AMENDMENT NO. ______. Amend House Bill 5495, AS AMENDED,
3with reference to page and line numbers of Senate Amendment No.
42, on page 33, by replacing lines 1 through 9 with the
6"camping and hunting. On and after January 1, 2013, no
7redevelopment plan may be approved that allocates more than 40%
8of the estimated redevelopment project costs to residential
9developments, and no redevelopment plan shall be amended to
10exceed that 40% limitation. The limitations on the allocation
11of estimated redevelopment project costs to residential
12developments imposed by this amendatory Act of the 97th General
13Assembly do not apply to residential development projects that:
14(i) include affordable housing for low-income and very
15low-income households, as defined by the Illinois Affordable
16Housing Act; (ii) are located in a municipality with a
17population of less than 25,000 inhabitants; or (iii) are



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1subject to a contract between the municipality and a developer
2in existence prior to the effective date of this amendatory Act
3of the 97th General Assembly. Each redevelopment plan".