Ill. Admin. Code tit. 47 § 355.308
Current through Register Vol. 48, No. 50, December 13, 2024
Funds used by a prospective Donor to acquire an ownership interest in an Affordable Housing Project shall not qualify as a Donation. Donations may not take place prior to 3 years before the Initial Closing Date unless otherwise approved by the allocating Agency in the Agency's discretion.
Ill. Admin. Code tit. 47, § 355.308
Amended at 34 Ill. Reg. 15822, effective September 28, 2010