TITLE 47: HOUSING AND COMMUNITY DEVELOPMENT
CHAPTER II: ILLINOIS HOUSING DEVELOPMENT AUTHORITY
PART 360 AFFORDABLE HOUSING PROGRAM
SECTION 360.602 MAXIMUM GRANT AMOUNT


 

Section 360.602  Maximum Grant Amount

 

Grants by a Recipient to a Very Low-Income Household shall not exceed $5,000.  Grants by a Recipient to a Low-Income Household shall not exceed 3,000.  Grants to organizations or corporations shall not exceed $750,000.  Grants are not available to for-profit entities.  All other provisions of this Part apply to Grants made by the Authority.

 

(Source:  Amended at 23 Ill. Reg. 8819, effective July 26, 1999)