AUTHORITY: Authorized by Section 7.19 of the Illinois Housing Development Act [20 ILCS 3805/7.19] and Section 7.30(a) of the Illinois Housing Development Act [20 ILCS 3805/7.30(a)].ILLINOIS HOUSING DEVELOPMENT AUTHORITY
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.