Illinois Statutes Chapter 310. Housing § 60/3. Definitions

(a) “IHDA” means the Illinois Housing Development Authority.

(b) (Blank).

(c) (Blank).

(d) “Owner” means the person, partnership, or corporation that holds title to an assisted housing development.

(e) “Assisted housing” or “assisted housing development” means a rental housing development, or a mixed use development that includes rental housing, that receives government assistance under any of the following programs:

(f) “Tenant” means a tenant, subtenant, lessee, sublessee or other person entitled to possession, occupancy or benefits of a rental unit within the assisted housing.

(g) “Tenant Association” means an association, corporation or other organization that represents at least a majority of the tenants in the assisted housing building.

(h) “Prepayment” means the payment in full or refinancing of the federally insured or federally held mortgage indebtedness prior to its original maturity date, or the voluntary cancellation of mortgage insurance, on an assisted housing development described in paragraph (2), (3), or (4) of subsection (e) that would have the effect of removing the affordability restrictions applicable to the assisted housing development under the programs described in paragraph (2), (3), or (4) of subsection (e).

(i) “Termination” means:

(j) “Affected public entities” means: the mayor of the city in which the assisted housing development is located or, if the development is located in an unincorporated area, the chairperson of the county board; the public housing authority in whose jurisdiction the assisted housing development is located, if any; and IHDA.

(k) “Affordability restrictions” means limits on rents that owners may charge for occupancy of a rental unit in assisted housing and limits on tenant income for persons or families seeking to qualify as tenants in assisted housing.