Illinois General Assembly - Illinois Compiled Statutes

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310 ILCS 65/2

(310 ILCS 65/2) (from Ch. 67 1/2, par. 1252)

Sec. 2.

Legislative findings and declarations.

It is hereby found
and declared that an acute shortage of affordable housing exists in
the State of Illinois; and that this crisis has been exacerbated by a sharp
reduction in federal funding for affordable housing, by the potential
prepayment of subsidized federal mortgages, and by an inability on the part
of local government to meet this need.  New State resources must therefore
be directed to alleviate the shortage of affordable housing.  It is further
intended that limited new State resources be allocated in a manner that
maximizes collaboration among federal, State and local agencies as well as
the private sector.

(Source: P.A. 86-925.)