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| | 104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026
SB1401 Introduced 1/31/2025, by Sen. Willie Preston SYNOPSIS AS INTRODUCED:
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Appropriates $6,000,000 from the General Revenue Fund to the Department of Human Services for a grant to the Neighborhood Housing Services of Chicago for costs associated with funding equitable mortgage lending, homeownership rehabilitation and development, and homebuyer subsidies and support. Effective July 1, 2025. |
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| | SB1401 | | LRB104 04580 KTG 14607 b |
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| 1 | | AN ACT concerning appropriations.
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| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The sum of $6,000,000, or so much of that amount |
| 5 | | as may be necessary, is appropriated from the General Revenue |
| 6 | | Fund to the Department of Human Services for a grant to the |
| 7 | | Neighborhood Housing Services of Chicago for costs associated |
| 8 | | with funding equitable mortgage lending, homeownership |
| 9 | | rehabilitation and development, and homebuyer subsidies and |
| 10 | | support.
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| 11 | | Section 99. Effective date. This Act takes effect July 1, |
| 12 | | 2025. |