IL SB1926 | 2025-2026 | 104th General Assembly

Status

Spectrum: Partisan Bill (Democrat 4-0)
Status: Introduced on February 6 2025 - 25% progression
Action: 2025-02-27 - Added as Co-Sponsor Sen. Cristina Castro
Pending: Senate Appropriations - Health and Human Services Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Creates the Illinois Middle-Income Housing Grant Pilot Act. Provides that subject to appropriation for this purpose, the Illinois Housing Development Authority (Authority) shall establish and administer a 3-year Illinois Middle-Income Housing Grant Pilot Program to facilitate housing development in targeted communities across the State of Illinois. Provides that eligible grant applicants shall include developers specifically in any community with an authorized River Edge Redevelopment Zone. Provides that any community within this designation is eligible to apply to support projects within such communities. Permits the Authority to enter into a subcontract agreement with developers with qualified residences. Provides that awards can be used for both redevelopment and new development projects; and that grant proposals may be submitted to the Authority directly to be used as a part of a development agreement with an eligible developer. Contains provisions on rules to implement the pilot program, grant award amounts, project costs limits, and other matters. Creates the Illinois Middle-Income Housing Grant Pilot Program Fund to consist of any moneys appropriated for the pilot program. Amends the State Finance Act by adding the Illinois Middle-Income Housing Grant Pilot Program Fund to the list of State funds.

Tracking Information

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Title

MID-INCOME HOUSING GRANT PILOT

Sponsors


History

DateChamberAction
2025-02-27SenateAdded as Co-Sponsor Sen. Cristina Castro
2025-02-27SenateAdded as Co-Sponsor Sen. David Koehler
2025-02-26SenateAdded as Chief Co-Sponsor Sen. Paul Faraci
2025-02-25SenateAssigned to Appropriations- Health and Human Services
2025-02-06SenateReferred to Assignments
2025-02-06SenateFirst Reading
2025-02-06SenateFiled with Secretary by Sen. Michael W. Halpin

Code Citations

ChapterArticleSectionCitation TypeStatute Text
301055.1030New CodeSee Bill Text

Illinois State Sources


Bill Comments

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