Illinois Administrative Code (Last Updated: March 27, 2024) |
TITLE47. HOUSING AND COMMUNITY DEVELOPMENT |
PART369. COVID-19 AFFORDABLE HOUSING GRANT PROGRAM |
SUBPARTA. GENERAL RULES |
§369.104. Standards
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In administering the Program, the Authority, the Chairman, the Director, and the Staff shall consider, in addition to the criteria specifically set forth in this Part (particularly in Subparts B and C), the following: the purposes of the Program to provide decent, safe, and sanitary multifamily rental housing; the requirements of applicable State and federal law; the financial condition and previous experience of potential and participating developers; the financial integrity of the Program; the housing needs of the State; the desirability of achieving a reasonable geographic distribution of Qualified Developments throughout the State; and specific standards for the LIHTC program set forth in the QAP and the references embedded therein (found at https://www.ihda.org/developers/qap/).