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| | 98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
SB0769 Introduced 1/24/2013, by Sen. John J. Cullerton SYNOPSIS AS INTRODUCED:
| | 310 ILCS 65/2 | from Ch. 67 1/2, par. 1252 |
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Amends the Illinois Affordable Housing Act. Makes a technical change in a
Section concerning legislative findings and declarations.
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| | A BILL FOR |
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| | SB0769 | | LRB098 04989 KTG 35019 b |
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| 1 | | AN ACT concerning housing.
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| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Affordable Housing Act is amended |
| 5 | | by changing Section 2 as follows:
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| 6 | | (310 ILCS 65/2) (from Ch. 67 1/2, par. 1252)
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| 7 | | Sec. 2. Legislative findings and declarations. It is hereby |
| 8 | | found
and
and declared that an acute shortage of affordable |
| 9 | | housing exists in
the State of Illinois; and that this crisis |
| 10 | | has been exacerbated by a sharp
reduction in federal funding |
| 11 | | for affordable housing, by the potential
prepayment of |
| 12 | | subsidized federal mortgages, and by an inability on the part
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| 13 | | of local government to meet this need. New State resources must |
| 14 | | therefore
be directed to alleviate the shortage of affordable |
| 15 | | housing. It is further
intended that limited new State |
| 16 | | resources be allocated in a manner that
maximizes collaboration |
| 17 | | among federal, State and local agencies as well as
the private |
| 18 | | sector. |
| 19 | | (Source: P.A. 86-925.)
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