summary
Introduced
01/15/2025
01/15/2025
In Committee
07/01/2025
07/01/2025
Crossed Over
Passed
Dead
Introduced Session
104th General Assembly
Bill Summary
Appropriates $6,000,000 from the General Revenue Fund to the Department of Human Services for a grant to the Neighborhood Housing Services of Chicago for costs associated with funding equitable mortgage lending, homeownership rehabilitation and development, and homebuyer subsidies and support. Effective July 1, 2025.
AI Summary
This bill appropriates $6 million from the General Revenue Fund to the Department of Human Services (DHS) specifically to provide a grant to Neighborhood Housing Services of Chicago. The grant is designed to support several housing-related initiatives, including promoting equitable mortgage lending practices, providing financial assistance for homeownership rehabilitation and development, and offering homebuyer subsidies and support services. These efforts aim to enhance housing accessibility and affordability for residents, with the funds becoming available starting July 1, 2025. The bill represents a targeted investment in community housing development, focusing on helping individuals and families improve their housing situations through financial and rehabilitative support.
Committee Categories
Budget and Finance
Sponsors (7)
Nick Smith (D)*,
Kam Buckner (D),
Michael Crawford (D),
Marcus Evans (D),
Sonya Harper (D),
Abdelnasser Rashid (D),
Justin Slaughter (D),
Last Action
Rule 19(b) / Re-referred to Rules Committee (on 07/01/2025)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1376&GAID=18&DocTypeID=HB&SessionID=114&GA=104 |
| BillText | https://www.ilga.gov/legislation/104/HB/10400HB1376.htm |
Loading...