Cook Illinois Affordable Housing Restrictions

State:
Illinois
County:
Cook
Control #:
IL-LR133T
Format:
Word; 
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Description

As a condition of a loan being provided to Grantor Restriction are imposed upon the Property or the purpose of encouraging or assuring creation or retention of rental and other housing for
occupancy by low- and moderate-income persons and families.

Cook County, Illinois has implemented a set of affordable housing restrictions to address the issue of housing affordability within the region. These restrictions aim to ensure that a certain percentage of housing developments are affordable and accessible for low-income residents. By imposing these regulations, the county aims to create a more inclusive and sustainable housing market that accommodates residents from various socioeconomic backgrounds. One of the primary affordable housing restrictions in Cook County is the Affordable Housing Ordinance (AHO). Under this ordinance, developers who construct residential projects in designated areas within the county are required to allocate a certain percentage of units as affordable housing. The exact percentage varies depending on the location and the type of development, but it typically ranges from 10% to 20% of the total units. The AHO sets income limits for qualified individuals or families who can rent or purchase these affordable units, ensuring that they cater to those with lower incomes. Additionally, Cook County has implemented the Low-Income Housing Tax Credit (LIH TC) program to incentivize developers to create affordable housing units. LIH TC provides tax credits to developers who invest in affordable housing projects. These credits can be sold to investors, which raises funds for the developers to cover a portion of the project costs. This program encourages the private sector to participate in the creation of affordable housing options and helps offset the financial burden on developers. Apart from these general restrictions, Cook County also has specific zoning ordinances that encourage the development of affordable housing. These ordinances promote mixed-income neighborhoods by requiring developers to include affordable units in buildings or development projects that would otherwise cater only to higher-income residents. This zoning strategy helps to create diverse and inclusive communities that provide opportunities for individuals from different socioeconomic backgrounds. Furthermore, Cook County has implemented exclusionary housing policies, which mandate developers to include affordable units within their market-rate projects. These policies usually require a specific percentage of units or floor space to be designated as affordable housing, ensuring that affordable options are integrated into higher-end residential developments. In summary, Cook County, Illinois has a range of affordable housing restrictions in place to tackle the issue of housing affordability within the region. These include the Affordable Housing Ordinance, the Low-Income Housing Tax Credit program, zoning ordinances promoting mixed-income communities, and exclusionary housing policies. These restrictions aim to create a more balanced housing market that provides affordable options for residents with lower incomes.

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FAQ

Illinois Department of Human Services - Call ?Help is Here? at 1-833-2-FIND-HELP (1-833-234-6343) and be connected to the Homeless Prevention Program, which provides rental/mortgage assistance, and utility assistance to eligible individuals and families who are in danger of eviction, foreclosure or homelessness or are

The main factor in determining your eligibility is your household income level. For Illinois residents must not exceed the low-income limit, which ranges from $41,500 for a one-person household to $78,250 for an eight-person household.

Illinois Laws No Illinois law prevents felons from taking housing as long as they are within their parole-related stipulations. However, there are no laws that prevent landlords from refusing to rent to felons. Many landlords may ask if a potential tenant has a felony and if he does, deny his application for housing.

Who can Qualify for Section 8? The main factor in determining your eligibility is your household income level. For Illinois residents must not exceed the low-income limit, which ranges from $41,500 for a one-person household to $78,250 for an eight-person household.

Other Rules for Public Housing Authority Applicants Some PHAs will provide public housing for convicted felons if the conviction is five or 10 years old. People with felonies on their records should check with their local PHAs before applying for Section 8 to see if their convictions will keep them from qualifying.

You MIGHT be rejected if the background check reveals? Drug-related crimes; ? Violent crimes; or ? Other crimes that could threaten the health, safety, or right to peaceful enjoyment of the building by other residents or PHA employees. The PHA will look at arrests and convictions that occurred within the past 5 years.

Requires income averaging at 60% and 50% area median income (AMI) tiers to accommodate more low-income earners. Adds a 100% AMI tier when matched with subsidies for the lowest-income earners.

HUD sets annual income limits based on how many people are in your family. This is a standard for initial qualification in order to receive a housing subsidy. For example, a limit of 80% of the average median income is a general guideline. So for a family of three, you can't make over $56,900 per year to qualify.

More info

View 2884 rentals in Cook County, IL. Browse photos, get pricing and find the most affordable housing. The ordinance will make a key difference for low-income renters who already face far too many challenges to their housing stability.The Illinois Section 8 Housing Choice Voucher Program helps lowincome families find housing that is affordable in the state of Illinois. Providing affordable housing and workforce housing for low to moderate income families in DuPage and Kendall County, Illinois. Monitoring and Procedures Manual. A family receiving a voucher must pay at least 30 percent of its monthly adjusted gross income for rent and utilities. Deedrestricted affordable rental housing units citywide. The main factor in determining your eligibility is your household income level. Form 8823, Low-Income Housing Credit Agencies Report of Noncompliance or Building. An affordable housing complex in Springfield, Illinois.

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Cook Illinois Affordable Housing Restrictions