AUTHORITY: Authorized by Section 7.19 of the Illinois Housing Development Act [20 ILCS 3805/7.19] and the Rental Housing Support Program Act [310 ILCS 105].ILLINOIS HOUSING DEVELOPMENT AUTHORITY
a) From time to time, Agencies shall accept Applications from prospective Developers for funding under the LTOS Program in a manner described in the Program Guide or the Municipality Program Guide, as applicable.
b) The Authority shall prescribe forms and consider Applications for funding under the LTOS Program for Units to be located outside the Municipalities. Municipalities shall prescribe forms and consider Applications for funding under the LTOS Program for Units to be located within the Municipalities. All Applications must satisfy the applicable requirements of this Part.