Ill. Admin. Code tit. 47 § 386.201

Current through Register Vol. 48, No. 50, December 13, 2024

Section 386.201 - Priority of Distributions

The Authority shall distribute funds from annual Appropriations in accordance with the following priorities:

a) To the Authority for its administrative expenses.

b) After distributing the amount listed in subsection (a), the Authority shall make Grants from the moneys remaining in the Fund that have been appropriated as follows:

1)30% shall be used to make Grants for Approved Housing Counseling in Cook County outside of the City of Chicago;

2)25% shall be used to make Grants for Approved Housing Counseling in the City of Chicago;

3)30% shall be used to make Grants for Approved Housing Counseling in DuPage, Kane, Lake, McHenry and Will Counties; and

4)15%shall be used to make Grants for Approved Housing Counseling in Illinois in counties other than Cook, DuPage, Kane, Lake, McHenry and Will Counties, provided that grants to provide Approved Housing Counseling to borrowers residing within these counties shall be based, to the extent practicable:

A)proportionately on the amount of fees paid to the respective clerks of the courts within these counties; and

B)on any other factors that the Authority deems appropriate. (Section 7.30(b-1) of the Act)

Ill. Admin. Code tit. 47, § 386.201

Adopted at 39 Ill. Reg. 2144, effective 1/23/2015.