IHDA-AMERICAN RESCUE PLAN

Amends the Illinois Housing Development Act. Provides that of the funds received by the Illinois Housing Development Authority for Homeowner Assistance under the federal American Rescue Plan Act of 2021, at least 20% shall be allocated to counties and municipalities on the basis of: (i) per capita plus; and (ii) number of housing units that are over 50 years old, to be used to aid eligible persons in coming into compliance with building code violations. Provides that eligible persons are those who are the owner-occupier of the residence, with an income level that is 200% of the federal poverty level or 50% of the median income of the county.