Sec. 10. Creation of Program and distribution of funds.

303 words·~1 min read·/il/chapter-310/act-105/10

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(a)The Rental Housing Support Program is created within the Illinois Housing Development Authority. The Authority shall administer the Program and adopt rules for its implementation.

(b)The Authority shall distribute amounts for the Program solely from annual receipts on deposit in the Rental Housing Support Program Fund that are appropriated in each year for distribution by the Authority for the Program, and not from any other source of funds for the Authority, as follows:

(1)A proportionate share of annual receipts on deposit appropriated to the Fund each

year, as determined under subsection

(d)of Section 15 of this Act, shall be distributed to municipalities with a population greater than 2,000,000. Those municipalities shall use at least 10% of those funds in accordance with Section 20 of this Act, and all provisions governing the Authority's actions under Section 20 shall govern the actions of the corporate authorities of a municipality under this Section. As to the balance of the annual distribution, the municipality shall designate a non-profit organization that meets the specific criteria set forth in Section 25 of this Act to serve as the "local administering agency" under Section 15 of this Act.

(2)Of the remaining annual receipts on deposit appropriated to the Fund each year after

the distribution in paragraph

(1)of this subsection, the Authority shall designate at least 10% for the purposes of Section 20 of this Act in areas of the State not covered under paragraph

(1)of this subsection.

(3)The remaining annual receipts on deposit appropriated to the Fund each year after

the distributions in paragraphs

(1)and

(2)of this subsection shall be distributed according to Section 15 of this Act in areas of the State not covered under paragraph

(1)of this subsection.