92nd General Assembly
Summary of HB2015
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House Sponsors:
PANKAU.

Short description: 
HOMEOWNER STABILIZATION                                                    

Synopsis of Bill as introduced:
        Amends  the  Illinois  Housing  Development  Act.   Creates   the      
   Homeowner's   Stabilization  Program.   Allows  the  Illinois  Housing      
   Development Authority to make grants to designated agencies.  Provides      
   that the designated agencies must use grant moneys  to  make  mortgage      
   payments  on  behalf of mortgagors.  Sets requirements for eligibility      
   for  assistance.   Requires  mortgagors  to  repay   the   assistance.      
   Requires  the  Authority  to  maintain a toll-free telephone number to      
   inform mortgagors and the public about the  Homeowner's  Stabilization      
   Program.   Requires  mortgagees to include a notice that the mortgagor      
   may be eligible for assistance  under  the  Program  with  notices  of      
   delinquency  mailed  to  mortgagors.   Amends the State Finance Act to      
   create the Homeowner's Stabilization Fund.  Effective immediately.          
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



 Full Text  Bill Status