TITLE 47: HOUSING AND COMMUNITY DEVELOPMENT
CHAPTER II: ILLINOIS HOUSING DEVELOPMENT AUTHORITY
PART 390 PREDATORY LENDING DATABASE PROGRAM
SECTION 390.202 STAGED DISTRIBUTION
Section 390.202 Staged Distribution
Each Agency approved by the Authority under the Program will receive a Grant for a term of up to two years. Each Grant will be distributed in two stages. The Initial Distribution will be a lump sum, determined by the Authority in accordance with Section 390.201 of this Part, to be used to increase the Agency's capacity, as determined by the Authority in conjunction with the Agency. The Maintenance Distribution will be a smaller amount distributed quarterly through the term of the grant, and will be based on the Agency's performance under the grant and continued willingness to perform File Reviews.