Illinois HB4484 allocates $5,000,000 to Neighborhood Housing Services of Chicago for equitable mortgage lending and foreclosure prevention.
Illinois HB4484 appropriates $5,000,000 from the General Revenue Fund to the Department of Commerce and Economic Opportunity for a grant to Neighborhood Housing Services of Chicago. The grant funds will support equitable mortgage lending, homebuyer subsidies, and foreclosure prevention services. This legislation aims to enhance housing stability and affordability in Chicago, effective July 1, 2026.
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