§355.408. Technical Assistance – Home Ownership Counseling

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An Agency may allocate Affordable Housing Tax Credits for Technical Assistance for Donations to entities that provide home ownership counseling services. The Allocations may be in connection with the purchase of a Single Family Residence or an Employer-Assisted Housing Project; however, all Allocations for Technical Assistance in connection with a particular Affordable Housing Project shall be pursuant to Section 355.407 of this Part. All such home ownership counseling services shall be provided to Households that qualify as Low-Income Households or, in the case of Employer-Assisted Housing Projects, Moderate-Income Households as of the date of the provision of the services.

(Source: Amended at 34 Ill. Reg. 15822, effective September 28, 2010)

                    
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