Illinois Administrative Code
Title 47 - HOUSING AND COMMUNITY DEVELOPMENT
Part 366 - AFFORDABLE HOUSING BOND PROGRAM - SINGLE FAMILY
Subpart A - GENERAL RULES
Section 366.107 - Fees and Charges of the Authority
Universal Citation: 47 IL Admin Code ยง 366.107
Current through Register Vol. 48, No. 12, March 22, 2024
The Authority may establish and collect a Commitment Fee from each HomeBuilder executing a HomeBuilder Participation Agreement in an amount not to exceed three percent (3%) of such HomeBuilder's Reservation. The Authority shall return any Commitment Fee to any HomeBuilder with which it does not enter into a HomeBuilder Participation Agreement.
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