(765 ILCS 925/2) (from Ch. 67 1/2, par. 902)
Sec. 2.
It is the purpose of this Act to preserve and retain to the
maximum extent practicable, as housing affordable to low and moderate income
families or persons, those privately owned dwelling units that were provided
for such purposes with federal assistance, to minimize the involuntary
displacement of tenants currently residing in such housing, to ensure that
the appropriate governmental authorities are given adequate notice to respond
to the potential problems created by conversions of subsidized rental units
to nonsubsidized rental units and to ensure that the subsidized rental unit
occupants are provided with information and assistance, in the event of conversions.
(Source: P.A. 85-1438.)
|