TITLE 47: HOUSING AND COMMUNITY DEVELOPMENT
CHAPTER II: ILLINOIS HOUSING DEVELOPMENT AUTHORITY PART 365 AFFORDABLE HOUSING BOND PROGRAM SECTION 365.401 APPLICABILITY AND PURPOSE OF NOTIFICATION
Section 365.401 Applicability and Purpose of Notification
a) Purpose The purpose of this Subpart is to set forth requirements for notifying certain persons and agencies when an Applicant proposes to acquire, construct, rehabilitate, finance, or refinance a Development in their district, county or municipality.
b) Applicability The provisions of this Subpart shall apply only to Developments subject to this Part.
c) Compliance and Proof of Compliance An Application shall not be deemed to be complete until the Applicant has complied with the provisions of this Subpart applicable to it and has submitted to the Authority evidence of such compliance satisfactory to the Authority. An Applicant's failure to comply with this Subpart shall relieve the Authority of all obligations regarding the Development.
d) Applicant Does Not Represent Authority In responding to comments, attending hearings or undertaking any other activities pursuant to this Subpart, an Applicant shall not hold itself out as representing the Authority and shall not take or suffer any action which would incur any obligation on behalf of the Authority. |