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IL HB2255
Bill
Status
12/3/2014
Primary Sponsor
JoAnn Osmond
Click for details
AI Summary
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Authorizes Lake County to establish an affordable housing trust fund through ordinance or resolution to provide financial support for affordable housing activities serving low-income and moderate-income households.
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Allows Lake County to impose a $3 surcharge on the recordation of any real estate-related document, with all revenue dedicated solely to funding the affordable housing trust fund.
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Defines "affordable housing trust fund" as a trust fund established by Lake County board for affordable housing activities and "real estate-related document" by reference to the Rental Housing Support Program Act.
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Takes effect immediately upon becoming law.
Legislative Description
COUNTIES CD-AFFORDABLE HOUSING
Last Action
Session Sine Die
12/3/2014