SB 1224

  • Illinois Senate Bill
  • 95th Regular Session
  • Introduced in Senate Apr 02, 2007
  • Passed Senate Mar 30, 2007
  • Passed House May 30, 2007
  • Became Law Aug 27, 2007

Teacher Homebuyer Assistance

Abstract

Creates the Teacher Homebuyer Assistance Act. Requires the Illinois Housing Development Authority to establish and administer a program to provide down payment assistance to public school teachers who teach in hard-to-staff schools or hard-to-staff positions for purchasing residences within the school district. Provides that the assistance shall be in the form of a deferred payment, low-interest subordinate mortgage loan with a term not longer than the term of the first mortgage loan, with interest accruing at a rate of up to 5% per annum. Provides that if the borrower has continuously been a teacher for the 5-year period immediately following the date of recordation of the loan deed of trust, then repayment of the loan shall be forgiven and considered a grant. Provides that repayment of the principal and accrued interest is due and payable upon the occurrence of certain events. Effective immediately.

Bill Sponsors (12)

Votes


Actions


Aug 27, 2007

Senate

Public Act . . . . . . . . . 95-0449

Senate

Effective Date August 27, 2007

Senate

Governor Approved

Jun 28, 2007

Senate

Sent to the Governor

Jun 04, 2007

House

Added Alternate Co-Sponsor Rep. John A. Fritchey

House

Added Alternate Co-Sponsor Rep. Harry Osterman

House

Added Alternate Co-Sponsor Rep. Edward J. Acevedo

House

Added Alternate Co-Sponsor Rep. Cynthia Soto

House

Added Alternate Co-Sponsor Rep. Elizabeth Hernandez

House

Added Alternate Co-Sponsor Rep. Susana A Mendoza

House

Added Alternate Co-Sponsor Rep. Maria Antonia Berrios

House

Added Alternate Co-Sponsor Rep. Karen A. Yarbrough

May 30, 2007

Senate

Passed Both Houses

House

Added Alternate Co-Sponsor Rep. Wyvetter H. Younge

House

Third Reading - Short Debate - Passed 117-000-000

May 24, 2007

House

Second Reading - Short Debate

House

Placed on Calendar Order of 3rd Reading - Short Debate

May 18, 2007

Senate

Added as Co-Sponsor Sen. Mattie Hunter

May 17, 2007

House

Placed on Calendar 2nd Reading - Short Debate

May 16, 2007

House

Do Pass / Short Debate Housing and Urban Development Committee; 005-000-000

May 01, 2007

House

Added Alternate Co-Sponsor Rep. Sandy Cole

Apr 30, 2007

House

Assigned to Housing and Urban Development Committee

Apr 27, 2007

House

Added Alternate Co-Sponsor Rep. John E. Bradley

Apr 25, 2007

House

Added Alternate Chief Co-Sponsor Rep. Paul D. Froehlich

Apr 19, 2007

Senate

Added as Co-Sponsor Sen. Gary Forby

Apr 18, 2007

House

Added Alternate Chief Co-Sponsor Rep. Elga L. Jefferies

Apr 09, 2007

House

Referred to Rules Committee

House

First Reading

Apr 02, 2007

House

Arrived in House

House

Placed on Calendar Order of First Reading

House

Alternate Chief Sponsor Removed Rep. Eddie Washington

House

Chief House Sponsor Rep. Eddie Washington

Mar 30, 2007

Senate

Recalled to Second Reading

Senate

Third Reading - Passed; 056-000-000

Senate

Added as Co-Sponsor Sen. Edward D. Maloney

Senate

Added as Co-Sponsor Sen. Martin A. Sandoval

Senate

Added as Co-Sponsor Sen. David Koehler

Senate

Added as Co-Sponsor Sen. James T. Meeks

Senate

Added as Chief Co-Sponsor Sen. Susan Garrett

Senate

Placed on Calendar Order of 3rd Reading

Senate

Senate Floor Amendment No. 2 Adopted; Holmes

Mar 28, 2007

Senate

Senate Floor Amendment No. 2 Recommend Do Adopt Financial Institutions; 008-000-000

Mar 27, 2007

Senate

Senate Floor Amendment No. 2 Rules Refers to Financial Institutions

Mar 21, 2007

Senate

Senate Floor Amendment No. 2 Referred to Rules

Senate

Senate Floor Amendment No. 2 Filed with Secretary by Sen. Linda Holmes

Mar 14, 2007

Senate

Placed on Calendar Order of 3rd Reading March 15, 2007

Senate

Second Reading

Mar 08, 2007

Senate

Do Pass as Amended Financial Institutions; 007-002-000

Senate

Added as Co-Sponsor Sen. Michael Noland

Senate

Added as Co-Sponsor Sen. Michael Bond

Senate

Added as Chief Co-Sponsor Sen. Dan Kotowski

Senate

Placed on Calendar Order of 2nd Reading March 13, 2007

Senate

Senate Committee Amendment No. 1 Adopted

Mar 07, 2007

Senate

Senate Committee Amendment No. 1 Filed with Secretary by Sen. Linda Holmes

Senate

Senate Committee Amendment No. 1 Rules Refers to Financial Institutions

Senate

Senate Committee Amendment No. 1 Referred to Rules

Mar 06, 2007

Senate

Added as Chief Co-Sponsor Sen. Kimberly A. Lightford

Mar 02, 2007

Senate

Postponed - Financial Institutions

Feb 23, 2007

Senate

Added as Chief Co-Sponsor Sen. Jacqueline Y. Collins

Feb 21, 2007

Senate

Assigned to Financial Institutions

Feb 09, 2007

Senate

First Reading

Senate

Referred to Rules

Senate

Filed with Secretary by Sen. Linda Holmes

Bill Text

Bill Text Versions Format
Introduced HTML
Engrossed HTML
Enrolled HTML

Related Documents

Document Format
Public Act
Senate Amendment 002
Senate Amendment 001

Sources

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