Synopsis As Introduced Creates the Rental Housing Support Program Act. Provides for grants from the Illinois Housing Development Authority to local administering agencies to provide subsidies to landlords to enable the landlords to charge rent affordable for low-income tenants. Also provides for grants from the Illinois Housing Development Authority to developers of new affordable rental housing. Sets forth criteria for the awarding of grants. Requires the Authority to establish an operating reserve for the program. Amends the State Finance Act to create the Rental Housing Support Program Fund, a special fund in the State treasury. Amends the Counties Code. Provides that the county recorder shall collect a $10 surcharge over and above any other fees collected, one dollar of which shall be retained by the county and $9 of which shall be deposited into the Rental Housing Support Program Fund.
Fiscal Note (Housing Development Authority)
Insufficient information to determine a fiscal effect.
Housing Affordability Impact Note (Housing Development Authority)
No fiscal effect on a single-family residence.
House Committee Amendment No. 1 Makes changes concerning a geographic distribution formula for distribution of certain grants awarded by the Illinois Housing Development Authority. Provides that the Authority must use at least 10% (instead of just 10%) of its funds any given year for certain grants.
Judicial Note (H-AM 1) (Admin. Office of the Illinois Courts)
House Bill 2206, as amended by House Amendment No. 1, would neither increase nor decrease the number of judges needed in the state.
Correctional Note (H-AM1) (Department of Corrections)
No fiscal impact. No corrections population impact.
Fiscal Note (H-AM 1) (Housing Development Authority)
This bill stipulates that "...the Authority (defined as IHDA) must use 10% of its funds in any given year on grants..." (for this new Rental Housing Program). While this proposes a redirection of IHDA resources (which have historically been primarily used for housing development financing, new construction and rehabilitation), it is uncertain which programs and resources are to be included. Some federal and State programs and funding sources restrict eligible activities and the uses of funds, and do not include rental assistance among them. Due to the uncertainty regarding the actual identified sources of this 10% commitment, there is not sufficient information available to determine the bill's fiscal impact on IHDA. House Amendment #1 provides no further classification on the sources of IHDA's 10% commitment.
State Mandates Fiscal Note (H-AM 1) (Dept. of Commerce and Community Affairs)
In the opinion of DCCA, HB 2206 (HA #1) creates a local government organization and structure mandate for which reimbursement of the increased costs to units of local government is not required under the State Mandates Act. An estimate of the increased costs to units of local government, if any, is not available.
Home Rule Note (H-AM 1) (Dept. of Commerce and Community Affairs)
The legislation does not contain language indicating a pre-emption of home rule powers and functions. Therefore, in the opinion of the Department of Commerce and Community Affairs, HB 2206 (HA #1) does not pre-empt home rule authority.