Illinois Administrative Code
Title 47 - HOUSING AND COMMUNITY DEVELOPMENT
Part 366 - AFFORDABLE HOUSING BOND PROGRAM - SINGLE FAMILY
Subpart A - GENERAL RULES
Section 366.105 - Standards

Universal Citation: 47 IL Admin Code ยง 366.105

Current through Register Vol. 48, No. 12, March 22, 2024

In administering the Program, the Authority and the Staff, in those instances permitting the exercise of discretion, shall consider, in addition to the criteria specifically set forth in this Part, the following factors:

a) the purpose of the Program;

b) the financial condition and previous experience of potential and participating Lenders, Servicers and HomeBuilders;

c) the Authority's ability to purchase or redeem the Bonds and to comply with the requirements of any Resolution;

d) the financial integrity of the Program;

e) the desirability of achieving a reasonable geographic distribution of Net Proceeds throughout the State; and

f) the standards of the prudent lender or investor.

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