summary
Introduced
01/31/2025
01/31/2025
In Committee
02/11/2025
02/11/2025
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 intended to support several key housing initiatives, including equitable mortgage lending, which aims to provide fair and accessible home loan opportunities, homeownership rehabilitation and development to improve existing housing stock, and homebuyer subsidies and support to help individuals and families purchase homes. The funding is set to become effective on July 1, 2025, and represents a targeted effort to address housing affordability and access in the Chicago area by supporting a nonprofit organization that works to create more inclusive homeownership opportunities.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Pursuant to Senate Rule 3-9(b) / Referred to Assignments (on 07/02/2025)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1401&GAID=18&DocTypeID=SB&SessionID=114&GA=104 |
| BillText | https://www.ilga.gov/legislation/104/SB/10400SB1401.htm |
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