Bill > HB4484

This bill appropriates $5,000,000 from the state's General Revenue Fund, which is the main operating fund for Illinois, to the Department of Commerce and Economic Opportunity (DCEO), a state agency responsible for economic development. This funding is specifically designated as a grant to Neighborhood Housing Services of Chicago, a non-profit organization. The grant will cover costs related to promoting fair mortgage lending practices, providing financial assistance to individuals looking to buy homes (homebuyer subsidies), offering services to help people avoid losing their homes to foreclosure, and other related support. The bill will become effective on July 1, 2026.

https://www.ilga.gov/Legislation/BillStatus?DocNum=4484&GAID=18&DocTypeID=HB&SessionID=114&GA=104