Act 3805 - ILLINOIS HOUSING DEVELOPMENT ACT

Section 20 ILCS 3805/1 - Title
Section 20 ILCS 3805/2 - Definitions
Section 20 ILCS 3805/3 - Purpose
Section 20 ILCS 3805/4 - Creation
Section 20 ILCS 3805/4.1 - Members of Authority
Section 20 ILCS 3805/5 - Chairman, vice chairman, treasurer and secretary
Section 20 ILCS 3805/6 - Five member quorum
Section 20 ILCS 3805/7 - Exercising powers
Section 20 ILCS 3805/7.1 - Advances to nonprofit corporations
Section 20 ILCS 3805/7.2 - Loans to nonprofit corporations
Section 20 ILCS 3805/7.3 - Studies of housing needs
Section 20 ILCS 3805/7.4 - Collecting fees and charges
Section 20 ILCS 3805/7.5 - Encouraging research
Section 20 ILCS 3805/7.6 - By-laws
Section 20 ILCS 3805/7.7 - Official seal
Section 20 ILCS 3805/7.8 - Law suits
Section 20 ILCS 3805/7.9 - Contracts
Section 20 ILCS 3805/7.10 - Personal property
Section 20 ILCS 3805/7.11 - Agreements with other governmental agencies
Section 20 ILCS 3805/7.12 - Real property
Section 20 ILCS 3805/7.13 - Investing funds in mortgage participation certificates
Section 20 ILCS 3805/7.14 - Issuing notes and bonds
Section 20 ILCS 3805/7.15 - Employing agents, employees and advisors
Section 20 ILCS 3805/7.16 - Selling mortgages
Section 20 ILCS 3805/7.17 - Procuring insurance
Section 20 ILCS 3805/7.18 - Modifying mortgages
Section 20 ILCS 3805/7.19 - Rules for grants of loans
Section 20 ILCS 3805/7.20 - Accepting gifts, grants and loans
Section 20 ILCS 3805/7.21 - Grants to nonprofit organizations
Section 20 ILCS 3805/7.22 - Authority as land development agency
Section 20 ILCS 3805/7.22a - Authority as developer of land
Section 20 ILCS 3805/7.23 - Acquiring residential mortgages
Section 20 ILCS 3805/7.24 - Loans to lending institutions
Section 20 ILCS 3805/7.24a - Loans and grants to persons and families
Section 20 ILCS 3805/7.24b - Notification to affected parties
Section 20 ILCS 3805/7.24c - Formation of instrumentality corporations
Section 20 ILCS 3805/7.24d - Issue of trust certificates
Section 20 ILCS 3805/7.24e - Minimum energy efficiency standards
Section 20 ILCS 3805/7.24f - Amount of bonds and notes
Section 20 ILCS 3805/7.24g - State Housing Credit Agency
Section 20 ILCS 3805/7.24h - Administrative funds
Section 20 ILCS 3805/7.25 - Carrying out purposes and exercising powers
Section 20 ILCS 3805/7.26 - Rate protection contracts
Section 20 ILCS 3805/7.27 - Non-recourse reverse mortgage loans
Section 20 ILCS 3805/7.28 - Tax credit for donation to sponsors
Section 20 ILCS 3805/7.29 - National Guard and Reservist Homebuyer Assistance
Section 20 ILCS 3805/7.30 - Foreclosure Prevention Program
Section 20 ILCS 3805/7.31 - Abandoned Residential Property Municipality Relief Program
Section 20 ILCS 3805/7.32 - American Rescue Plan Homeowner Assistance and Emergency Rental Assistance
Section 20 ILCS 3805/7.33 - Urban and suburban gardening at affordable housing projects
Section 20 ILCS 3805/8 - Distribution limitations for limited-profit entities
Section 20 ILCS 3805/8.1 - Prepayment of mortgage loan
Section 20 ILCS 3805/9 - Ratio of loan to development cost and amortization period
Section 20 ILCS 3805/10 - Tenant selection plans
Section 20 ILCS 3805/11 - Preference for occupancy
Section 20 ILCS 3805/12 - Devices used to encourage developments
Section 20 ILCS 3805/13 - Equal opportunity
Section 20 ILCS 3805/14 - Negotiable bonds and notes
Section 20 ILCS 3805/14.1 - Mortgage credit certificates
Section 20 ILCS 3805/15 - Renewal notes
Section 20 ILCS 3805/16 - Maturity dates of notes and bonds
Section 20 ILCS 3805/17 - Provisions for issuance
Section 20 ILCS 3805/18 - Personal liability
Section 20 ILCS 3805/19 - Power to purchase notes and bonds
Section 20 ILCS 3805/20 - State liability
Section 20 ILCS 3805/21 - "The capital reserve fund"
Section 20 ILCS 3805/22 - [Effective Until 7/1/2024] Amount limit for outstanding bonds and notes
Section 20 ILCS 3805/22 - [Effective 7/1/2024] Amount limit for outstanding bonds and notes
Section 20 ILCS 3805/23 - Value of capital reserve fund
Section 20 ILCS 3805/23a - Special funds
Section 20 ILCS 3805/24 - Other funds
Section 20 ILCS 3805/25 - Default in payment
Section 20 ILCS 3805/26 - Appointed trustee
Section 20 ILCS 3805/26.1 - Insufficient funds for payment
Section 20 ILCS 3805/27 - Additional powers
Section 20 ILCS 3805/28 - Venue of proceedings
Section 20 ILCS 3805/29 - Notes and bonds-securities
Section 20 ILCS 3805/30 - Property exempt from taxation
Section 20 ILCS 3805/31 - Creation and purpose
Section 20 ILCS 3805/32 - Training and educational services
Section 20 ILCS 3805/33 - Provisions
Section 20 ILCS 3805/34 - Act liberally construed
Section 20 ILCS 3805/35 - Property Tax Payment Plan Task Force