SCOTT-GARRETT-MATHIAS-FLOWERS-OSTERMAN, FEIGENHOLTZ, HAMOS,
FRANKS, FRITCHEY, HOWARD, KENNER, WINTERS, BEAUBIEN,
DART, SCULLY, LANG, GILES AND MCKEON.
LIVE NEAR WORK ACT
Synopsis of Bill as introduced:
Creates the Live Near Work Act. Allows the Illinois Housing
Development Authority to make grants from the Live Near Work Fund to
employers, municipalities, counties, and non-profit housing
organizations to develop and implement employer-assisted housing
programs. Requires the Authority to adopt rules for determining
eligibility for grants, regulating the use of grant funds, and
reporting the results and impacts of the grants. Provides that grants
may be used to match employer investments in housing resources.
Provides that grants may be used to support the administration of
employer-assisted housing programs. Limits the amount of moneys in
the Fund that may be used for grants to non-profit organizations.
Provides that the Act is repealed on July 1, 2006. Effective
FISCAL NOTE (Illinois Housing Development Authority)
HB 504 requires the authority to esablish a fund to develop and
implement employer-assisted housing programs. The legislation
does not reference a funding level, and without specific infor-
mation regarding the scale and scope of the proposal, its fis-
cal effect on IHDA cannot be determined.
Last action on Bill: SESSION SINE DIE
Last action date: JAN-07-2003
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status