Bill Title: Amends the River Edge Redevelopment Zone Act. Provides that, on and after the effective date of the amendatory Act, an area is qualified to become a River Edge Redevelopment Zone if it is an area of the State (1) located on a river, (2) with less than 30,000 population, and (3) that meets one of the following conditions: has a median household income of less than 80% of State median income for a household of 4, as determined by the U.S. Department of Housing and Urban Development; has a per capita personal income of less than 60% of the per capita personal income for Illinois as determined by the U.S. Department of Commerce; or has a median home price of less than 60% of the State median home price. Provides that changes made by the amendatory Act do not affect the certification of any area previously certified by the Department as a River Edge Redevelopment Zone. Effective immediately.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2019-01-08 - Session Sine Die [HB5523 Detail]

Text: Latest bill text (Introduced) [HTML]

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