Synopsis As Introduced Amends the Rental Housing Support Program Act. In a provision requiring the Illinois Housing Development Authority to adopt rules concerning grants awarded to local administering agencies to fund rent subsidies for low-income families, provides that the rules must limit eligibility for tenancy in the subsidized rental units to households with gross income that is at or below 40% (rather than 30%) of the family median income for the area in which the grant will be made. In a provision concerning rules on grants awarded to entities for the development of affordable rental housing, provides that the rules must require 50% of the units that are supported by any grant to be set aside for households whose income is at or below 25% (rather than 15%) of the median family income for the area in which the grant will be made.
House Committee Amendment No. 1 Replaces everything after the enacting clause. Amends the Rental Housing Support Program Act. Provides that once a tenant has received assistance under the Rental Housing Support Program the tenant shall remain eligible for assistance under the Program until the tenant reaches an income level of 35% of area median family income and will then begin the transition out of the Program, as described in the rules governing the Program. Provides that local administering agencies should (rather than must) include 2-bedroom, 3-bedroom, and 4-bedroom units among those intended to be supported by grants under the Program.