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94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HB2882
Introduced 2/22/2005, by Rep. Tom Cross SYNOPSIS AS INTRODUCED:
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310 ILCS 65/2 |
from Ch. 67 1/2, par. 1252 |
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Amends the Illinois Affordable Housing Act. Makes a technical change in a
Section concerning legislative findings and declarations.
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A BILL FOR
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HB2882 |
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LRB094 08186 DRJ 38373 b |
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| AN ACT concerning housing.
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| Be it enacted by the People of the State of Illinois, |
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| represented in the General Assembly:
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| Section 5. The Illinois Affordable Housing Act is amended |
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| by changing Section 2 as follows:
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| (310 ILCS 65/2) (from Ch. 67 1/2, par. 1252)
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| Sec. 2. Legislative findings and declarations. It is hereby |
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| found
and
and declared that an acute shortage of affordable |
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| housing exists in
the State of Illinois; and that this crisis |
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| has been exacerbated by a sharp
reduction in federal funding |
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| for affordable housing, by the potential
prepayment of |
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| subsidized federal mortgages, and by an inability on the part
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| of local government to meet this need. New State resources must |
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| therefore
be directed to alleviate the shortage of affordable |
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| housing. It is further
intended that limited new State |
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| resources be allocated in a manner that
maximizes collaboration |
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| among federal, State and local agencies as well as
the private |
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| sector. |
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| (Source: P.A. 86-925.)
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