TITLE 47: HOUSING AND COMMUNITY DEVELOPMENT
CHAPTER II: ILLINOIS HOUSING DEVELOPMENT AUTHORITY
PART 310 MULTIFAMILY RENTAL HOUSING MORTGAGE LOAN PROGRAM
SECTION 310.201 APPLICABILITY AND PURPOSE OF NOTIFICATION


 

Section 310.201  Applicability and Purpose of Notification

 

a)         Purpose

This Subpart is established to provide for notification to certain persons and agencies pursuant to Section 7.24b of the Act that a developer proposes to construct or rehabilitate a Development in their district, county or municipality.

 

b)         Compliance

A developer's Application shall not be deemed to be complete until the provisions of this Subpart have been complied with. A developer's failure to comply with the provisions of this Subpart shall relieve the Authority of all obligations to provide a Mortgage Loan for the proposed Development.

 

c)         Developer's Acts

In responding to comments, attending hearings, or undertaking any other activities pursuant to this Subpart, a developer shall not hold itself out to represent the Authority and shall not take or suffer any act that would incur any obligation on behalf of the Authority.

 

(Source:  Amended at 31 Ill. Reg. 4392, effective February 28, 2007)