Illinois Administrative Code (Last Updated: March 27, 2024) |
TITLE47. HOUSING AND COMMUNITY DEVELOPMENT |
PART366. AFFORDABLE HOUSING BOND PROGRAM – SINGLE FAMILY |
SUBPARTA. GENERAL RULES |
§366.107. Fees and Charges of the Authority
Latest version.
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The Authority may establish and collect a Commitment Fee from each HomeBuilder executing a HomeBuilder Participation Agreement in an amount not to exceed three percent (3%) of such HomeBuilder's Reservation. The Authority shall return any Commitment Fee to any HomeBuilder with which it does not enter into a HomeBuilder Participation Agreement.