093_HB0624

 
                                     LRB093 05847 DRJ 05940 b

 1        AN ACT in relation to housing.

 2        Be  it  enacted  by  the People of the State of Illinois,
 3    represented in the General Assembly:

 4        Section 5.   The State Housing Act is amended by changing
 5    Section 2 as follows:

 6        (310 ILCS 5/2) (from Ch. 67 1/2, par. 152)
 7        Sec. 2.  Purpose.  It is hereby declared  that  congested
 8    and  unsanitary  housing  conditions  which  exist in certain
 9    areas of the state in low-priced dwellings are  a  menace  to
10    the health, safety, morals, welfare and reasonable comfort of
11    the citizens of the state. The correction of these conditions
12    in such areas being now otherwise impossible, it is essential
13    that  provision  be made to encourage the investment of funds
14    at low interest rates, the  acquisition  at  fair  prices  of
15    adequate  parcels of land, the gradual demolition of existing
16    unsanitary and unsafe housing and  the  construction  of  new
17    housing  facilities  under  public  supervision,  with proper
18    standards of sanitation and safety, and at a cost which  will
19    permit  monthly  rentals  or  charges  which wage-earners can
20    afford to pay, and not in excess  of  the  rates  hereinafter
21    provided.
22        Therefore,  there are created and authorized the agencies
23    and  instrumentalities  hereinafter  prescribed,  which   are
24    declared  to  be  the  agencies  and instrumentalities of the
25    state for the purpose of attaining the ends herein recited.
26    (Source: Laws 1933, p. 396.)