Statutes, codes, and regulations
Illinois Administrative Code
Title 47 - HOUSING AND COMMUNITY DEVELOPMENTPart 355 - ILLINOIS AFFORDABLE HOUSING TAX CREDIT PROGRAM
Subpart B - AFFORDABLE HOUSING TAX CREDIT ALLOCATIONS
Section 355.206 - Sponsor Participation

Ill. Admin. Code tit. 47 § 355.206

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Current through Register Vol. 49, No. 2, January 10, 2025
Section 355.206 - Sponsor Participation

For a Multifamily Housing Project or a rental Single Family Project, the Sponsor must have a Material Participation in the development and operation of the Multifamily Housing Project or rental Single Family Project throughout the Compliance Period.

Ill. Admin. Code tit. 47, § 355.206

Amended at 31 Ill. Reg. 5797, effective March 30, 2007