(65 ILCS 5/11-11-1.1) (from Ch. 24, par. 11-11-1.1)
Sec. 11-11-1.1.
The corporate authorities of each municipality have
the power to establish and operate a homestead program designed to rehabilitate
or construct dwellings in presently blighted areas.
"Homestead program" as used in this Section means a program of conveyances
of unoccupied dwellings and vacant land, for nominal or no consideration,
to heads of households 18 years of age or older who agree:
(a) to rehabilitate or construct qualifying dwellings on such property;
(b) to commence rehabilitation or construction within 60 days of conveyance;
(c) to occupy such property as a principal resident for not less than
3 years, complying with applicable health and safety standards;
(d) to permit reasonable periodic inspection by the municipality to determine
compliance with the conditions of conveyance; and
(e) to surrender and quit claim such property to the municipality, in
a condition at least equivalent to that when first conveyed, upon determination
of noncompliance.
The corporate authorities shall have all powers necessary for the development
and implementation of a homestead program, including but not limited to,
the power to designate a homestead area, to enter into agreements with the
federal government to receive repossessed homes, to establish guidelines for determining
qualified recipients, to dispose of property by lottery or conveyance for
nominal or no consideration, and to appoint a Homestead Board or designate
a not-for-profit corporation as its agent to administer the program and
establish standards of rehabilitation and construction.
(Source: P.A. 83-656.)
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(65 ILCS 5/11-11-2) (from Ch. 24, par. 11-11-2)
Sec. 11-11-2.
The corporate authorities of each municipality may borrow
money or other property and accept contributions, capital grants, gifts,
donations, services or other financial assistance from the United States of
America, the Housing and Home Finance Agency or any other agency or
instrumentality, corporate or otherwise, of the United States of America
for or in aid of an "Urban Renewal Project" as defined in the Act of
Congress approved August 2, 1954, being Public Law 560-83rd Congress, known
as the "Housing Act of 1954", and which the municipality is authorized to
effectuate, and to this end the municipality may comply with such
conditions and enter into such agreements upon such covenants, terms and
conditions as the corporate authorities may deem necessary, appropriate,
convenient or desirable. The corporate authorities may issue bonds,
debentures, notes, special certificates or other evidences of indebtedness
in order to secure loans made pursuant hereto. However, any such bonds,
debentures, notes, special certificates or other evidence of indebtedness
issued hereunder shall be payable solely out of the proceeds from the sale
of real property acquired in the project area, out of any revenue from the
operation, management or demolition of existing buildings or improvements
of any real property acquired in such project area, out of such capital
grants as the municipality may receive from the United States of America or
any agency or instrumentality thereof, or out of any local cash or non-cash
grants-in-aid, as defined in the Act of Congress approved July 15, 1949,
being Public Law 171--81st Congress, known as the "Housing Act of 1949", as
amended, including the Housing Act of 1954, which the municipality or
public body or any other entity may make in connection with the
implementation of such Urban Renewal Project.
Any bonds issued under this Section as limited bonds as defined in Section 3
of
the Local Government Debt Reform Act shall comply with the requirements of the
Bond Issue Notification Act.
Any municipality having a population of 500,000 or more may enter into a
contract with the United States of America or any agency or instrumentality
thereof and agree to the extent authorized by law, to provide such local
grants-in-aid. Notwithstanding any other provision of this Code, such
contract may contain a provision pledging the municipality to provide such
local grants-in-aid over a period of time, not to exceed 5 years from the
date of such contract.
(Source: P.A. 89-655, eff. 1-1-97.)
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(65 ILCS 5/11-11-3) (from Ch. 24, par. 11-11-3)
Sec. 11-11-3.
In addition to all other powers granted municipalities, and
not in derogation thereof, the corporate authorities of any municipality
which is the Local Public Agency under an urban renewal project as defined
in Section 11-11-2 shall have the same powers, and be subject to the same
conditions, restrictions, limitations, penalties and definitions of terms,
and employ the same modes of procedure in the incurrence of indebtedness
and the issuance of bonds as are prescribed in Sections 27 and 28 of the
"Urban Renewal Consolidation Act of 1961", approved August 15, 1961, as the
same are now or may hereafter be amended, as fully as if provisions
contained in said sections of the "Urban Renewal Consolidation Act of 1961"
were set forth herein, except that the term "Department" as therein used
shall, as applied to such municipality, mean the municipality as Local
Public Agency.
(Source: Laws 1963, p. 2217.)
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(65 ILCS 5/Art. 11 Div. 11.1 heading) DIVISION 11.1.
FAIR HOUSING
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