Linda Holmes
- Democratic
- Senator
- District 42
Primary
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.
Public Act . . . . . . . . . 95-0449
Effective Date August 27, 2007
Governor Approved
Sent to the Governor
Added Alternate Co-Sponsor Rep. John A. Fritchey
Added Alternate Co-Sponsor Rep. Harry Osterman
Added Alternate Co-Sponsor Rep. Edward J. Acevedo
Added Alternate Co-Sponsor Rep. Cynthia Soto
Added Alternate Co-Sponsor Rep. Elizabeth Hernandez
Added Alternate Co-Sponsor Rep. Susana A Mendoza
Added Alternate Co-Sponsor Rep. Maria Antonia Berrios
Added Alternate Co-Sponsor Rep. Karen A. Yarbrough
Passed Both Houses
Added Alternate Co-Sponsor Rep. Wyvetter H. Younge
Third Reading - Short Debate - Passed 117-000-000
Second Reading - Short Debate
Placed on Calendar Order of 3rd Reading - Short Debate
Added as Co-Sponsor Sen. Mattie Hunter
Placed on Calendar 2nd Reading - Short Debate
Do Pass / Short Debate Housing and Urban Development Committee; 005-000-000
Added Alternate Co-Sponsor Rep. Sandy Cole
Assigned to Housing and Urban Development Committee
Added Alternate Co-Sponsor Rep. John E. Bradley
Added Alternate Chief Co-Sponsor Rep. Paul D. Froehlich
Added as Co-Sponsor Sen. Gary Forby
Added Alternate Chief Co-Sponsor Rep. Elga L. Jefferies
Referred to Rules Committee
First Reading
Arrived in House
Placed on Calendar Order of First Reading
Alternate Chief Sponsor Removed Rep. Eddie Washington
Chief House Sponsor Rep. Eddie Washington
Recalled to Second Reading
Third Reading - Passed; 056-000-000
Added as Co-Sponsor Sen. Edward D. Maloney
Added as Co-Sponsor Sen. Martin A. Sandoval
Added as Co-Sponsor Sen. David Koehler
Added as Co-Sponsor Sen. James T. Meeks
Added as Chief Co-Sponsor Sen. Susan Garrett
Placed on Calendar Order of 3rd Reading
Senate Floor Amendment No. 2 Adopted; Holmes
Senate Floor Amendment No. 2 Recommend Do Adopt Financial Institutions; 008-000-000
Senate Floor Amendment No. 2 Rules Refers to Financial Institutions
Senate Floor Amendment No. 2 Referred to Rules
Senate Floor Amendment No. 2 Filed with Secretary by Sen. Linda Holmes
Placed on Calendar Order of 3rd Reading March 15, 2007
Second Reading
Do Pass as Amended Financial Institutions; 007-002-000
Added as Co-Sponsor Sen. Michael Noland
Added as Co-Sponsor Sen. Michael Bond
Added as Chief Co-Sponsor Sen. Dan Kotowski
Placed on Calendar Order of 2nd Reading March 13, 2007
Senate Committee Amendment No. 1 Adopted
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Linda Holmes
Senate Committee Amendment No. 1 Rules Refers to Financial Institutions
Senate Committee Amendment No. 1 Referred to Rules
Added as Chief Co-Sponsor Sen. Kimberly A. Lightford
Postponed - Financial Institutions
Added as Chief Co-Sponsor Sen. Jacqueline Y. Collins
Assigned to Financial Institutions
First Reading
Referred to Rules
Filed with Secretary by Sen. Linda Holmes
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML |
| Engrossed | HTML |
| Enrolled | HTML |
| Document | Format |
|---|---|
| Public Act | |
| Senate Amendment 002 | |
| Senate Amendment 001 |
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