Illinois HB1376 appropriates $6,000,000 to support equitable mortgage lending and homeownership in Chicago.
Illinois HB1376 allocates $6,000,000 from the General Revenue Fund to the Department of Human Services for a grant to the Neighborhood Housing Services of Chicago. This funding aims to support equitable mortgage lending, homeownership rehabilitation and development, and homebuyer subsidies and support. The bill takes effect July 1, 2025.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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