TITLE 47: HOUSING AND COMMUNITY DEVELOPMENT
CHAPTER II: ILLINOIS HOUSING DEVELOPMENT AUTHORITY
PART 340 LOANS TO LENDING INSTITUTIONS
SECTION 340.102 PURPOSE AND OBJECTIVES
Section 340.102 Purpose and Objectives
This Part is being established to accomplish the general purposes of the Act and in particular the making of loans to Lending Institutions or the purchasing of loans from Lending Institutions for the purpose of stimulating the construction, acquisition, improvement or rehabilitation of Dwelling Units, Community Facilities and Housing Related Commercial Facilities for the benefit of Low or Moderate Income Persons or Families in accordance with the Program. This Part does not apply to either the Authority's Single Family Mortgage Purchase Program (47 Ill. Adm. Code 220 and 250) or the Multifamily Rental Housing Mortgage Loan Program (47 Ill. Adm. Code 310).