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310 ILCS 65/3
(310 ILCS 65/3) (from Ch. 67 1/2, par. 1253)
Sec. 3. Definitions. As used in this Act:
(a) "Program" means the Illinois Affordable Housing Program.
(b) "Trust Fund" means the Illinois Affordable Housing Trust Fund.
(b-5) "Capital Fund" means the Illinois Affordable Housing Capital Fund.
(c) "Low-income household" means a single person, family or unrelated
persons living together whose adjusted income is more than 50%, but less than
80%, of the median income of the area of residence, adjusted for family
size, as such adjusted income and median income for the area are determined
from time to time by the United States Department of Housing and Urban
Development for purposes of Section 8 of the United States Housing Act of 1937.
(d) "Very low-income household" means a single person, family or
unrelated persons living together whose adjusted income is not more than
50% of the median income of the area of residence, adjusted for family
size, as such adjusted income and median income for the area are determined
from time to time by the United States Department of Housing and Urban
Development for purposes of Section 8 of the United States Housing Act of 1937.
(e) "Affordable housing" means residential housing that, so long as the
same is occupied by low-income households or very low-income households,
requires payment of monthly housing costs, including utilities other than
telephone, of no more than 30% of the maximum allowable income as stated
for such households as defined in this Section.
(f) "Multi-family housing" means a building or buildings providing
housing to 5 or more households.
(g) "Single-family housing" means a building containing one to 4
dwelling units, including a mobile home as defined in subsection (b) of
Section 3 of the Mobile Home Landlord and Tenant Rights Act, as
amended.
(h) "Community-based organization" means a not-for-profit entity whose
governing body includes a majority of members who reside in the community
served by the organization.
(i) "Advocacy organization" means a not-for-profit organization which
conducts, in part or in whole, activities to influence public policy on
behalf of low-income or very low-income households.
(j) "Program Administrator" means the Illinois Housing Development
Authority.
(k) "Funding Agent" means the Illinois Department of Revenue.
(l) "Commission" means the Affordable Housing Advisory Commission.
(m) "Congregate housing" means a building or structure in which 2 or
more households, inclusive, share common living areas and may share child
care, cleaning, cooking and other household responsibilities.
(n) "Eligible applicant" means a proprietorship, partnership, for-profit
corporation, not-for-profit corporation or unit of local government which
seeks to use fund assets as provided in this Article.
(o) "Moderate income household" means a single person, family or
unrelated persons living together whose adjusted income is more than 80%
but less than 120% of the median income of the area of residence, adjusted
for family size, as such adjusted income and median income for the area are
determined from time to time by the United States Department of Housing and
Urban Development for purposes of Section 8 of the United States Housing
Act of 1937.
(p) "Affordable Housing Program Trust Fund Bonds or Notes" means the bonds
or notes issued by the Program Administrator under the Illinois Housing
Development Act to further the purposes of this Act.
(q) "Trust Fund Moneys" means all moneys, deposits, revenues, income,
interest, dividends, receipts, taxes, proceeds and other amounts or funds
deposited or to be deposited in the Trust Fund pursuant to Section 5(b) of this
Act and any proceeds, investments or increase thereof.
(r) "Program Escrow" means accounts, except those accounts relating to any
Affordable Housing Program Trust Fund Bonds or Notes, designated by the Program
Administrator, into which Trust Fund Moneys are deposited.
(s) "Common household pet" means a domesticated animal, such as a dog (canis lupus familiaris) or cat (felis catus), which is commonly kept in the home for pleasure rather than for commercial purposes. (Source: P.A. 102-283, eff. 1-1-22.)
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