Ill. Admin. Code tit. 47 § 385.303

Current through Register Vol. 48, No. 43, October 25, 2024

Section 385.303 - Eligible Uses of Grant Funds

a) Eligible Uses of Grant Funds by the Administering Agencies.

1) Eligible uses of Grant funds by the Administering Agencies under the Program shall be:

A) Computer and Equipment Expenses;

B) General Operational Expenses;

C) pre-purchase Housing Counseling;

D) post-purchase Housing Counseling;

E) foreclosure education;

F) foreclosure prevention outreach programs in conjunction with the Authority or a State or federally chartered financial institution;

G) counselor training;

H) training of an Administering Agency's employees;

I) capacity building that increases an Administering Agency's capacity to provide Foreclosure Prevention Outreach Programs and Housing Counseling;

J) Technical Assistance;

K) advertising and marketing of the Program, and any other housing counseling activity as may be approved by the Authority.

2) No Administering Agency shall receive Grant funds for Computer and Equipment Expenses, General Operational Expenses and Technical Assistance in an amount greater than 10% of the Grant funds granted to an Administering Agency during the term of the Administering Agency's Grant.

b) Eligible Uses of Grant Funds by the City. Eligible uses of Grant funds supporting foreclosure prevention programs administered by the City under the Program shall be:

1) pre-purchase home ownership counseling;

2) post-purchase home ownership counseling;

3) foreclosure education;

4) foreclosure prevention outreach programs in conjunction with the Authority or a State or federally chartered financial institution; and

5) counselor training.

c) Eligible Uses for Statewide Activities. Eligible uses of Grant funds supporting Statewide Activities shall include, but shall not be limited to:

1) organizing regional homeownership, Housing Counseling and foreclosure prevention outreach fairs and events, including the promotion of these events;

2) the creation and dissemination of radio and print advertising;

3) the creation and dissemination of posters, flyers and information materials;

4) establishing and operating a toll-free helpline to connect residents of the State;

5) the creation and use of internet resources; and

6) any other similar activities approved by the Authority that are deemed necessary to help ensure the success of the Program on a statewide basis.

Ill. Admin. Code tit. 47, § 385.303