# 47 Ill. Adm. Code 302.201: Section 302.201 Borrower Eligibility/Prioritization

> Illinois · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T47_P302_S302_201

## Section

- **Citation:** 47 Ill. Adm. Code 302.201
- **Heading:** Section 302.201 Borrower Eligibility/Prioritization
- **Jurisdiction:** Illinois
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Illinois Administrative Code / Title 47 HOUSING AND COMMUNITY DEVELOPMENT / CHAPTER II: ILLINOIS HOUSING DEVELOPMENT AUTHORITY / Part 302 HOMEOWNER ASSISTANCE FUND PROGRAMS / Section 302.201 Borrower Eligibility/Prioritization

## Text

Section 302.201  Borrower Eligibility/Prioritization
a)         To be
eligible for assistance under HAF program, Eligible Homeowners must have annual
income equal to or less than 150% of the Area Median Income. The Authority
plans to use HUD’s definition of “annual income” in 24 CFR 5.609 or use
adjusted gross income as defined for purposes of reporting on Internal Revenue
Service (IRS) Form 1040 series for individual federal annual income tax
purposes, as applicable and as permitted by the U.S. Department of the
Treasury.
b)         Not
less than 60% of HAF funds available to the Authority will be used for
qualified expenses that assist Eligible Homeowners having incomes equal to or
less than 100% of the Area Median Income or equal to or less than 100% of the
median income for the United States, whichever is greater. Any amount not made
available to Eligible Homeowners that meet this income-targeting requirement
must be prioritized for assistance to Socially Disadvantaged individuals, with
funds remaining after such prioritization being made available for other
Eligible Homeowners.
c)         For
an applicant to be eligible to receive a HAF Grant, the Homeowner must qualify
as an Eligible Homeowner.
d)         The
Authority shall not disqualify an otherwise Eligible Homeowner from any HAF
Program funding based on previous application for or receipt of other similar
federal assistance for periods that are different than the Eligibility Period.

## Nearby sections

- [47 Ill. Adm. Code 302.201 Section 302.201  Borrower Eligibility/Prioritization](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T47_P302_S302_201.md)
- [47 Ill. Adm. Code 302.202 Section 302.202  Eligible Uses](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T47_P302_S302_202.md)
- [47 Ill. Adm. Code 302.203 Section 302.203  Maximum Grant Amount](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T47_P302_S302_203.md)
- [47 Ill. Adm. Code 302.204 Section 302.204  Administration of Program](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T47_P302_S302_204.md)
- [47 Ill. Adm. Code 302.205 Section 302.205  Procedures for Deficient Applications](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T47_P302_S302_205.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T47_P302_S302_201. Check the current official text before relying on it. Not legal advice.