TITLE 47: HOUSING AND COMMUNITY DEVELOPMENT
CHAPTER II: ILLINOIS HOUSING DEVELOPMENT AUTHORITY
PART 380 RENTAL HOUSING SUPPORT PROGRAM
SECTION 380.412 FUNDING OF ALLOCATIONS


 

Section 380.412  Funding of Allocations

 

During the term of each Commitment with an LAA, the Agencies shall provide funds to LAAs in quarterly installments.  An Agency shall increase the amount of an LAA's Allocation if the Agency has approved an annual rent increase for occupied Units, provided that the rent for each Unit, including the Rental Assistance, does not exceed the Maximum Rent for each Unit and funding is available from an Appropriation.