Illinois § 8
Full text of Illinois Illinois Compiled Statutes § 8, with citation guidance and answers to common questions.
§ 8.
The Agency shall allocate not less than 75% of its available mortgage insurance assistance to eligible urban and rural areas throughout the State. The Agency shall establish priorities for the allocation of mortgage insurance assistance, taking into account the following factors: (a) The impact of mortgage insurance assistance in upgrading substandard residential multiple-unit structures to decent, safe and sanitary condition. (b) The impact of mortgage insurance assistance in increasing the housing stock in areas of demonstrated need. (c) The impact of mortgage insurance assistance in stabilizing urban and rural geographical areas and preventing or arresting the process of deterioration. (d) The impact of mortgage insurance assistance in effectuating the efficient utilization of commitments of housing subsidies, when available, thereby increasing housing opportunities for very low income persons and families. (e) The availability and feasibility of alternative means to achieve substantially the same results as mortgage insurance assistance. (f) Opportunities for co-insurance or reinsurance of bonds and mortgages. (g) The needs of other State and municipal housing programs. (h) The availability of sufficient moneys in the Mortgage Insurance Fund. (Source: P.A. 83-1392.)
Frequently Asked Questions About Illinois § 8
What does Illinois Compiled Statutes § 8 cover?
Section 8 is part of the Illinois Compiled Statutes, the codified statutory law of Illinois. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Illinois § 8?
A common citation format is "Illinois Compiled Statutes § 8" (Illinois). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Illinois law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Illinois official source linked on this page or consult a licensed Illinois attorney.
How does Illinois § 8 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Illinois can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Illinois.