Illinois Administrative Code
Title 47 - HOUSING AND COMMUNITY DEVELOPMENT
Part 369 - COVID-19 AFFORDABLE HOUSING GRANT PROGRAM
Subpart C - GRANTS
Section 369.304 - Related Requirements

Universal Citation: 47 IL Admin Code ยง 369.304

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

Any award of a Grant shall be subject to the Related Requirements and any applicable requirements of the Act; which include:

a) Restrictions:

1) Income-eligible households: Maximum AMI of 50% or 60%, or Average AMI of 60% with range between 20% and 80%, as owner elects.

2) Affordable rents: 30% of target income.

3) Target population: Must be available to general public; restrictions on full-time students, but no citizenship requirement.

4) Leasing requirements: Not to be used for temporary housing; lease must be for at least 6 months.

5) Physical condition: Must be maintained to HUD's Uniform Physical Condition Standards (24 CFR 5 (2022))

6) Annual income recertification required: Not for 100% affordable projects; mixed income projects only.

7) Fixed or floating units: Floating units must maintain applicable percentage as measured by unit or square footage.

b) Monitoring:

1) Physical Inspection: Triennial, using the sample size required by HUD's Real Estate Assessment Center (REAC) (see table to paragraph (c)(2)(iii), 26 CFR 1.42-5 (2022)).

2) Tenant File Review: Triennial, using the sample size required by HUD's Real Estate Assessment Center (REAC) (see table to paragraph (c)(2)(iii), 26 CFR 1.42-5 (2022)).

3) Record keeping review.

4) Annual Owner's Certification review.

c) Owner's Reporting:

1) Annual Owner's Certification.

2) Annual Tenant Income Certification.

3) Affirmative Fair Housing Marketing Plan.

4) Tenant Selection Plan.

Disclaimer: These regulations may not be the most recent version. Illinois may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.