summary
Introduced
01/29/2026
01/29/2026
In Committee
02/10/2026
02/10/2026
Crossed Over
Passed
Dead
Introduced Session
104th General Assembly
Bill Summary
Appropriates $5,000,000 from the General Revenue Fund to the Department of Commerce and Economic Opportunity for a grant to Neighborhood Housing Services of Chicago for costs associated with funding equitable mortgage lending and homebuyer subsidies, foreclosure prevention services, and other support. Effective July 1, 2026.
AI Summary
This bill appropriates $5,000,000 from the state's General Revenue Fund to the Department of Commerce and Economic Opportunity (DCEO), which is a state agency responsible for economic development. This money is designated as a grant for Neighborhood Housing Services of Chicago, a non-profit organization. The grant funds will be used to support initiatives aimed at 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 programs. This legislation will become effective on July 1, 2026.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Assigned to Appropriations (on 02/10/2026)
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