IL HB5450

Amends the Rental Housing Support Program Act to modify legislative findings, including that housing instability contributes to declines in real estate values and impacts children's educational ability

Updates grant eligibility criteria to require 50% of supported units be reserved for households earning at or below 15% of area median family income, with allowance for local agencies to negotiate flexibility if insufficient tenants are available at that income level

Permits grant funding to support integrated housing for persons with disabilities but prohibits funding for housing restricted to specific disability types unless required by another funding source

Adds a new severability clause ensuring that if any provision is found invalid, remaining provisions of the Act remain effective

Takes effect immediately upon becoming law