98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
SB0769

 

Introduced 1/24/2013, by Sen. John J. Cullerton

 

SYNOPSIS AS INTRODUCED:
 
310 ILCS 65/2  from Ch. 67 1/2, par. 1252

    Amends the Illinois Affordable Housing Act. Makes a technical change in a Section concerning legislative findings and declarations.


LRB098 04989 KTG 35019 b

 

 

A BILL FOR

 

SB0769LRB098 04989 KTG 35019 b

1    AN ACT concerning housing.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Affordable Housing Act is amended
5by changing Section 2 as follows:
 
6    (310 ILCS 65/2)  (from Ch. 67 1/2, par. 1252)
7    Sec. 2. Legislative findings and declarations. It is hereby
8found and and declared that an acute shortage of affordable
9housing exists in the State of Illinois; and that this crisis
10has been exacerbated by a sharp reduction in federal funding
11for affordable housing, by the potential prepayment of
12subsidized federal mortgages, and by an inability on the part
13of local government to meet this need. New State resources must
14therefore be directed to alleviate the shortage of affordable
15housing. It is further intended that limited new State
16resources be allocated in a manner that maximizes collaboration
17among federal, State and local agencies as well as the private
18sector.
19(Source: P.A. 86-925.)