Illinois Administrative Code › Title 47 - HOUSING AND COMMUNITY DEVELOPMENT › Part 310 - MULTIFAMILY RENTAL HOUSING MORTGAGE LOAN PROGRAM › Subpart F - MARKETING AND MANAGEMENT › Section 310.602 - Marketing and Management Plans

Current through Register Vol. 48, No. 28, July 12, 2024
a)
				Approval. Before the Authority makes a Mortgage Loan other than a Conduit Loan
				and at other times required by the Authority, the Owner shall submit for the
				Authority's approval a marketing plan and a management plan for the
				Development. In deciding whether to approve the marketing plan and the
				management plan, the Authority shall consider the purposes of the Program, the
				provisions of the Tenant Selection Plan, and any other relevant
				matters.
b) Compliance. The
				marketing plan and the management plan shall comply with all applicable federal
				and State statutes and regulations and with the terms and conditions of all
				applicable contracts and agreements providing for federal subsidies or
				assistance relating to the Development.
c) Contents of Marketing Plan. The marketing
				plan shall set forth the policies and procedures to be used by the marketing
				agent in marketing the Development 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 occupiable units by type and location; the dates of
				availability and locations of Development facilities essential to the marketing
				campaign, including any model units, rental office or community building; 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 intended mix of family, elderly and
				disabled Tenants; where appropriate, the intended Tenant income mix and method
				of achieving such a mix; the method of processing prospective tenants; the
				criteria upon which applications of prospective Tenants 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.
d) Contents of Management Plan. The
				management plan shall set forth the policies and procedures to be used by the
				managing agent in operating the Development and shall address the
				qualifications of the managing agent; procedures for recruiting and supervising
				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 disabled Tenants; where appropriate, the intended Tenant
				income mix and method of achieving such a mix; the method of processing
				prospective Tenants; the criteria upon which applications of prospective
				Tenants are to be approved or disapproved; and any other relevant
				matters.
e) Owner's Responsibility.
				The Owner shall be responsible for ensuring the marketing agent's and the
				managing agent's compliance with all applicable ordinances, regulations,
				statutes, Rules, agreements and requirements.