Illinois Administrative Code
Title 47 - HOUSING AND COMMUNITY DEVELOPMENT
Part 386 - FORECLOSURE PREVENTION PROGRAM GRADUATED FUND
Subpart B - DISTRIBUTION OF FUNDS BY THE AUTHORITY
Section 386.201 - Priority of Distributions
Universal Citation: 47 IL Admin Code ยง 386.201
Current through Register Vol. 48, No. 12, March 22, 2024
The Authority shall distribute funds from annual Appropriations in accordance with the following priorities:
a) To the Authority for its administrative expenses.
b) After distributing the amount listed in subsection (a), the Authority shall make Grants from the moneys remaining in the Fund that have been appropriated as follows:
1)
30% shall be used to make Grants
for Approved Housing Counseling in Cook County outside of the City of
Chicago;
2)
25%
shall be used to make Grants for Approved Housing Counseling in the City of
Chicago;
3)
30%
shall be used to make Grants for Approved Housing Counseling in DuPage, Kane,
Lake, McHenry and Will Counties; and
4)
15%shall be used
to make Grants for Approved Housing Counseling in Illinois in counties other
than Cook, DuPage, Kane, Lake, McHenry and Will Counties, provided that grants
to provide Approved Housing Counseling to borrowers residing within these
counties shall be based, to the extent practicable:
A)
proportionately on the amount of
fees paid to the respective clerks of the courts within these counties;
and
B)
on any
other factors that the Authority deems appropriate. (Section 7.30(b-1)
of the Act)
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