91st General Assembly
Summary of HB1358
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House Sponsors:

Short description: 
AFFORDBLE HOUSNG ACT-SR HOUSNG                                             

Synopsis of Bill as introduced:
        Amends the Illinois Affordable Housing Act.  Provides that moneys      
   held in the Illinois Affordable Housing Trust  Fund  by  the  Illinois      
   Housing  Development  Authority may be used for real estate tax relief      
   grants to owners of  senior  project-based  housing  who  have  signed      
   agreements  with  the Authority to maintain their senior project-based      
   housing status beyond their subsidized program restriction period  for      
   a  minimum of 5 years.  Provides that the grants shall be disbursed by      
   the Authority from Trust Fund Moneys for this purpose in the amount of      
   no less than $1,000,000.  Effective July 1, 1999.                           
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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