RENTAL HOUSING SUPPORT PROGRAM
Summary
Creates Rental Housing Support Program Act. Creates the Illinois Housing Development Authority with powers and duties, such as: make grants to non-profit organizations designated by municipalities; grants to be distributed according to a formula based on U.S. Census data to 20 designated areas of the State; make grants for long-term operating support for affordable rental housing; limits eligibility for tenancy in units supported by grants to those households with income that is 30% or below of the area's median family income. Makes other provisions. Amends the State Finance Act by adding the Rental Housing Support Program Fund. Amends the Counties Code to provide that recorders shall collect a $10 Rental Housing Support Program surcharge for recording any real estate-related document. Allocates from each $10 surcharge, $1 to county's general revenue fund and $9 to the Department of Revenue for deposit in the Rental Housing Support Program Fund. Effective July 1, 2005.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2005
Committee Review
Floor Vote
Governor
Introduced Jan 27, 2005
Last action Feb 10, 2005
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
5
Key actions
0
Committee
2
Feb 2, 2005
House · Referred to committee
Assigned to Executive Committee
Jan 27, 2005
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Linda Chapa LaVia
DDemocratic
Ask Maddy
·
AI policy assistant
Ask Maddy about HB 490
Scope: IL
Hi! I can help you understand HB 490. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline