Illinois Compiled Statutes
Information maintained by the Legislative
Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process.
Recent laws may not yet be included in the ILCS database, but they are found on this site as Public
soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the
Because the statute database is maintained primarily for legislative drafting purposes,
statutory changes are sometimes included in the statute database before they take effect.
If the source note at the end of a Section of the statutes includes a Public Act that has
not yet taken effect, the version of the law that is currently in effect may have already
been removed from the database and you should refer to that Public Act to see the changes
made to the current law.
310 ILCS 65/10
(310 ILCS 65/10)
(from Ch. 67 1/2, par. 1260)
Trust Fund restrictions and stipulations.
(a) All housing
financed and all assistance provided from the Trust Fund shall be available to
all eligible persons regardless of race, color, ancestry, unfavorable
military discharge, familial status, marital status, national origin,
sex, age, or disability.
(b) There shall be, on all assisted housing, a deed restriction,
agreement, or other legal document which provides for the recapture of
assistance upon terms and conditions to be specified in rules and
regulations promulgated by the Program Administrator.
(c) Loans made by the Trust Fund may be at no interest or at below
market interest rates, with or without security, and may include loans for
(d) Assistance may be provided for housing units for low and very
low-income households within multi-family housing which is occupied partly by
low and very low-income households and partly by households not qualifying
as low or very low-income, subject to rules and regulations promulgated by
the Program Administrator.
(e) Except to the extent provided in rules and regulations promulgated
by the Program Administrator, no household shall be required to vacate or
move from any assisted housing as a result of ceasing to qualify as a low
or very low-income household under this Act.
(f) Rates not to exceed fair market rental may be charged to any person
or household which occupies any single family housing or unit of
multi-family housing for the period that person or household does not
qualify as low or very low-income.
(g) All housing assisted by the Trust Fund shall provide a residential
antidisplacement and relocation assistance plan consistent with Section 507
of the federal Housing and Community Development Act of 1987.
(h) Multi-family housing assisted by the Trust Fund shall be prohibited from
refusing to accept tenants for occupancy solely because the tenant receives
governmental rental assistance.
(i) Trust Fund assisted multi-family housing is prohibited from evicting
tenants without good cause.
(j) Assistance may be provided to housing whether or not such housing
satisfies the definition of a "qualified residential rental project" set
forth in Section 142 of the Internal Revenue Code of 1986, as amended.
(k) Housing assisted by the Trust Fund shall be required to meet energy
efficiency standards which shall be established by the Program
Administrator. Any review for affordability of assisted housing must
include a review of energy costs.
(l) Manufactured housing which is manufactured entirely within the State
shall be given priority over housing manufactured in whole or in part
outside of the State.
(m) It is intended that Trust Fund monies not be used to supplant existing
resources and that the Trust Fund shall be a funder of last resort.
(n) Prior to application of Trust Fund assets to provide assistance to
affordable housing under this Act, Trust Fund assets may be invested in
mortgage participation certificates representing undivided interests in
specified, first-lien conventional residential Illinois mortgages which are
underwritten, insured, guaranteed or purchased by the Federal Home Loan
Mortgage Corporation. Trust Fund assets may also be used in such
investments as may be lawful for fiduciaries in this State or in such
investments which shall reduce the risk associated with fluctuations in
interest rates or market price of investments.
(Source: P.A. 89-286, eff. 8-10-95.)