HB5577 allocates $2,000,000 for the Illinois Down Payment Assistant Grant Program to support first-time farm purchases.
HB5577 provides $2,000,000 from the General Revenue Fund to the Illinois Department of Agriculture. The funds are designated for the Illinois Down Payment Assistant Grant Program, which offers grants to eligible applicants purchasing their first farms in the state. This support aims to assist new farmers in acquiring their initial properties. The act takes effect on July 1, 2026.
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