TITLE 47: HOUSING AND COMMUNITY DEVELOPMENT
CHAPTER II: ILLINOIS HOUSING DEVELOPMENT AUTHORITY
PART 360 AFFORDABLE HOUSING PROGRAM
SECTION 360.305 SITE AND MARKET STUDY/RENTAL ANALYSIS
Section 360.305 Site and Market Study/Rental Analysis
The Authority may conduct a site and market study when the Applicant seeks funds for new construction. The Authority shall conduct a site and market study or rental analysis when the Applicant's proposed rent structure is not in conformity with the rental market rates known to the Authority within a one half mile radius of the Development.
(Source: Amended at 18 Ill. Reg. 8663, effective May 25, 1994)