Illinois Administrative Code › Title 47 - HOUSING AND COMMUNITY DEVELOPMENT › Part 365 - AFFORDABLE HOUSING BOND PROGRAM › Subpart K - MARKETING AND MANAGEMENT › Section 365.1102 - Marketing and Management Plans

Current through Register Vol. 48, No. 28, July 12, 2024
a)
				Approval. Before the Authority makes a Loan under the Program and at such other
				times as may be required by the Authority, the Authority may require the
				Applicant to submit for the Authority's approval plans for the marketing and
				management of the Development. In deciding whether to approve such plans, the
				Authority may consider: the purposes of the Program; the provisions of the
				Tenant Selection Plan, as applicable; applicable Federal and State statutes and
				regulations; and any other matters it determines to be relevant.
b) Contents of Marketing Plan. The marketing
				plan shall set forth the policies and procedures to be used in marketing and
				shall address: the qualifications of the marketing agent; the nature of the
				market to be served by the Development; the dates of availability of units by
				type and location; the dates of availability and locations of facilities
				essential to the marketing campaign, including model units, the rental office,
				and any community building; the provisions for compliance with all fair housing
				requirements; the promotion of the Development, including the use of mass
				media, public relations, brochures, signs, equipment and furnishings for model
				units and the rental office; and marketing staff. The marketing plan shall also
				set forth: the intended mix of family, elderly and handicapped Tenants; where
				appropriate, the intended Tenant income mix and method of achieving such a mix
				(including number of units); the method of processing the applications of
				prospective Tenants; the criteria upon which prospective Tenants' applications
				for occupancy are to be approved or disapproved; preference for occupancy in
				the Development for persons and families displaced by urban renewal, slum
				clearance, other governmental action or natural disaster; rent schedules; and
				any other relevant matters.
c)
				Contents of Management Plan. The Management Plan shall set forth the policies
				and procedure to be used by the managing agent in operating the Development and
				shall address: the qualifications of the managing agent; procedures for
				evaluating management personnel; physical maintenance of the Development;
				procedures for tenant selection; preference for occupancy in the Development
				for persons and families displaced by urban renewal, slum clearance, other
				governmental action or natural disaster; tenant/landlord relations; eviction
				procedures; marketing; financial reporting; books and records of the
				Development; the intended mix of family, elderly and handicapped Tenants; where
				appropriate, the intended Tenant income mix and method of achieving such a mix
				(including number of units); the method of processing prospective Tenants; the
				criteria upon which prospective Tenants' applications for occupancy are to be
				approved or disapproved; the managing agent's compensation; and any other
				relevant matters.
d)
				Responsibility. The Owner shall be responsible for ensuring both the marketing
				agent's and the managing agent's compliance with all applicable ordinances,
				regulations, statutes, and applicable Rules, agreements and
				requirements.