TITLE 47: HOUSING AND COMMUNITY DEVELOPMENT
CHAPTER II: ILLINOIS HOUSING DEVELOPMENT AUTHORITY
PART 385 FORECLOSURE PREVENTION PROGRAM
SECTION 385.301 COMMUNITY-BASED ORGANIZATIONS ELIGIBILITY


 

Section 385.301  Community-Based Organizations Eligibility

 

a)         The Community-Based Organizations are generally eligible to submit an Application for funding if they provide:

 

1)         pre-purchase and post-purchase home ownership counseling;

 

2)         education about the foreclosure process and the options of a homeowner in a foreclosure proceeding; and

 

3)         foreclosure prevention programs in conjunction with the Authority or a State or federally chartered financial institution.

 

b)         The Community-Based Organizations must agree to the terms and conditions of the Program in order to be eligible.