Illinois Administrative Code (Last Updated: March 27, 2024) |
TITLE47. HOUSING AND COMMUNITY DEVELOPMENT |
PART355. ILLINOIS AFFORDABLE HOUSING TAX CREDIT PROGRAM |
SUBPARTB. AFFORDABLE HOUSING TAX CREDIT ALLOCATIONS |
§355.206. Sponsor Participation
Latest version.
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For a Multifamily Housing Project or a rental Single Family Project, the Sponsor must have a Material Participation in the development and operation of the Multifamily Housing Project or rental Single Family Project throughout the Compliance Period.
(Source: Amended at 31 Ill. Reg. 5797, effective March 30, 2007)