(20 ILCS 3805/12) (from Ch. 67 1/2, par. 312)
Sec. 12.
In order to encourage developments which are not economically
homogeneous and to achieve rent charges which will make units available to
persons and families of low income at low rentals, the Authority and a
mortgagor may use devices including, but not limited to: direct rental
assistance in the form of partial rent subsidy from any county, municipal,
State or federal source; allocation of lower rents to less desirable
locations and apartments with less expensive facilities; and the raising of
rents in the majority of apartments in the development in order to lower
the rents of those in the lower rent charge category. With respect to each
development the Authority shall, prior to initial occupancy, allocate and
prescribe the number of lower rental units and the rents to be charged
therefor. The allocation may be reviewed and adjusted from time to time.
The method of achieving lower rental charges shall, in each instance, be
prescribed by the Authority.
(Source: P.A. 77-1654.)
|