Illinois Administrative Code (Last Updated: March 27, 2024) |
TITLE47. HOUSING AND COMMUNITY DEVELOPMENT |
PART385. FORECLOSURE PREVENTION PROGRAM |
SUBPARTC. GRANTS TO COMMUNITY-BASED ORGANIZATIONS AND COUNSELING AGENCIES |
§385.301. Community-Based Organizations Eligibility
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a) The Community-Based Organizations are generally eligible to submit an Application for funding if they provide:
1) pre-purchase and post-purchase home ownership counseling;
2) education about the foreclosure process and the options of a homeowner in a foreclosure proceeding; and
3) foreclosure prevention programs in conjunction with the Authority or a State or federally chartered financial institution.
b) The Community-Based Organizations must agree to the terms and conditions of the Program in order to be eligible.