Bill Text: IL HB5366 | 2013-2014 | 98th General Assembly | Introduced

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Bill Title: Amends the Illinois Affordable Housing Act. Makes a technical change in a Section concerning legislative findings and declarations.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Failed) 2014-12-03 - Session Sine Die [HB5366 Detail]

Download: Illinois-2013-HB5366-Introduced.html

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98TH GENERAL ASSEMBLY State of Illinois 2013 and 2014 HB5366 Introduced , by Rep. Frank J. Mautino SYNOPSIS AS INTRODUCED:
310 ILCS 65/2 from Ch. 67 1/2, par. 1252
Amends the Illinois Affordable Housing Act. Makes a technical change in a Section concerning legislative findings and declarations.
LRB098 19134 KTG 54286 b
A BILL FOR
HB5366 LRB098 19134 KTG 54286 b
AN ACT concerning housing.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Illinois Affordable Housing Act is amended
by changing Section 2 as follows:
(310 ILCS 65/2) (from Ch. 67 1/2, par. 1252)
Sec. 2. Legislative findings and declarations. It is hereby
found and and declared that an acute shortage of affordable
housing exists in the State of Illinois; and that this crisis
has been exacerbated by a sharp reduction in federal funding
for affordable housing, by the potential prepayment of
subsidized federal mortgages, and by an inability on the part
of local government to meet this need. New State resources must
therefore be directed to alleviate the shortage of affordable
housing. It is further intended that limited new State
resources be allocated in a manner that maximizes collaboration
among federal, State and local agencies as well as the private
sector.
(Source: P.A. 86-925.)