Illinois Administrative Code (Last Updated: March 27, 2024) |
TITLE47. HOUSING AND COMMUNITY DEVELOPMENT |
PART355. ILLINOIS AFFORDABLE HOUSING TAX CREDIT PROGRAM |
SUBPARTC. DONATIONS |
§355.302. Aggregation of Donations
Latest version.
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Subject to Section 355.303, a Sponsor may aggregate a number of Donations into a single Donation in connection with an Allocation. For Employer-Assisted Housing Projects, a Sponsor may aggregate a number of Donations from multiple employers into a single source of funds for use in assisting eligible employees secure housing near their work place. Each Donor shall receive a Certificate evidencing the Donor's share of the aggregate Allocation.
(Source: Amended at 34 Ill. Reg. 15822, effective September 28, 2010)