Governor Quinn Signs Housing Bills to Support People with Disabilities and Protect Homeowners from Mortgage Fraud
CHICAGO, IL – August 6, 2012 – (RealEstateRama) — Governor Pat Quinn today signed two new housing laws to provide people with disabilities with more access to affordable rental housing, and to further protect homeowners from mortgage fraud. The supportive housing law makes $10 million in rental housing subsidies available over 15 years to eligible landlords. In addition, the governor announced the commitment of up to $40 million in Illinois Jobs Now! capital funds for developers of permanent supportive housing. These laws build on the governor’s strong commitment to providing more housing options for people with disabilities, and to protecting consumers from predatory lenders.