TITLE 47: HOUSING AND COMMUNITY DEVELOPMENT
CHAPTER II: ILLINOIS HOUSING DEVELOPMENT AUTHORITY
PART 360 AFFORDABLE HOUSING PROGRAM
SECTION 360.601 MAXIMUM LOAN AMOUNT AND PRIORITY
Section 360.601 Maximum Loan Amount and Priority
Loans shall not exceed $1,250,000 for each Recipient. Priority shall be given to those applications which propose the lowest per unit total cost, lowest monthly housing expense, and longest affordability restrictions.
(Source: Amended at 23 Ill. Reg. 8819, effective July 26, 1999)