Section 355.106  Fees and Charges

In connection with an Application, an Agency may collect a fee from the Applicant in an amount not to exceed $500, payable when the Application is submitted.  In connection with a Reservation, an Agency may collect a fee from the Applicant in an amount not to exceed 3% of the Reservation, payable by the due date specified in the Reservation Letter.  The Agency may assess a modification fee for changes in the owner, the name of the owner or the characteristics of an Affordable Housing Project, such as unit type, distribution or population to be served.

(Source:  Amended at 31 Ill. Reg. 5797, effective March 30, 2007)