House Sponsors: SCOTT-MATHIAS-BEAUBIEN-WINTERS-HAMOS, FRANKS, O'CONNOR, SLONE, DART, FLOWERS, LANG, BASSI, GASH, GARRETT AND DAVIS,MONIQUE. Senate Sponsors: PETERSON-RADOGNO-OBAMA Short description: EMPLOYER-ASSISTED HOUSING Synopsis of Bill as introduced: Creates the Partnership for Home Ownership Act. Authorizes the Illinois Housing Development Authority to make grants to employers, municipalities, counties, and nonprofit housing organizations for promoting employer-assisted housing programs and to enact regulations establishing eligibility for these grants. Establishes guidelines for investments by employers that the Authority may support with grant funds. Provides that grant funds may be used to support administration and technical assistance costs. Establishes criteria by which nonprofit housing organizations, municipalities, and counties are eligible for grant funds. FISCAL NOTE (Housing Development Authority) Since the majority of the population to be served under this legislation will exceed the Housing Development Authority's current income eligibility requirements, it is likely that substantial additional funding will be required. However, the number of employers accessing the funding, the per-unit cost of assistance, and the number of applications to be approved are presently unknown. Therefore, there is insufficient information to determine the fiscal impact of HB 4074. HOUSING AFFORDABILITY NOTE (Housing Development Authority) There will be no fiscal effect on the cost of constructing, purchasing, owning or selling a single family residence. HOUSE AMENDMENT NO. 1. Adds reference to: 30 ILCS 105/5.541 new Deletes everything. Creates the Live Near Work Act and amends the State Finance Act. Creates the Live Near Work Fund as a special fund in the State treasury. Authorizes the Illinois Housing Development Authority to make grants from the Fund to employers, municipalities, counties, and nonprofit housing organizations for promoting employer-assisted housing programs and to enact regulations establishing eligibility for these grants. Establishes guidelines for investments by employers that the Authority may support with grants from the Fund. Provides that grant funds may be used to support administration and technical assistance costs. Establishes criteria by which nonprofit housing organizations, municipalities, and counties are eligible for grant funds. Requires the Authority to report annually to the General Assembly on the program. Repealed July 1, 2005. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0 END OF INQUIRY Full Text Bill Status