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republic-os/legislation/us/states/il/95th/hb-4611.md
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Fabio 5941153bb7 Legislation: batch B — IL IN KS KY LA MA MD ME MI MN 
Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 17:27:20 -04:00

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type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags
type title description jurisdiction legislature session identifier citation classification subjects status primary_sponsors version_count action_count vote_count first_action last_action source source_identifier source_url source_hash vintage source_snapshot retrieved_at confidence tags
Bill IHDA-HOUSING STABILZATION LOAN Creates the Housing Stabilization Act. Directs the Illinois Housing Development Authority to establish and administer a program under which the State shall guarantee refinancing loans to homeowners who are either in foreclosure or at risk of being in foreclosure. Provides that the State shall guarantee these loans for 5 years, at which time, if the homeowner is current and has not gone more than 30 days past-due more than 3 times during the first 60 months of the refinancing of his or her mortgage, the State's responsibility to guarantee the loan shall cease. Provides that if at the end of 5 years the homeowner is not current or has gone 30 days past-due more than 3 times, the State shall continue to guarantee the loan for an additional 36 months. Provides for a State guarantee of up to $3,000,000,000 each year for 3 years. Sets forth qualifications for homeowners and banks to participate in the program and other features of the program. Effective immediately. us/states/il Illinois General Assembly 95th HB 4611 Illinois HB 4611 (95th)
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3 47 2 2008-01-24 2008-08-15 openstates ocd-bill/b94a43aa-5781-468c-89d2-164a836d068a http://ilga.gov/legislation/BillStatus.asp?DocNum=4611&GAID=9&DocTypeID=HB&LegId=35286&SessionID=51&GA=95 f917c2c3e4222540718f9c58b048ba03fc42eaa1d23a34ae3e0bdd6c97548d50 2026-07-01 https://data.openstates.org/daily/2026-07-01/public.pgdump 2026-07-06 reported
legislation
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us-il

Illinois HB 4611 (95th) — IHDA-HOUSING STABILZATION LOAN

Creates the Housing Stabilization Act. Directs the Illinois Housing Development Authority to establish and administer a program under which the State shall guarantee refinancing loans to homeowners who are either in foreclosure or at risk of being in foreclosure. Provides that the State shall guarantee these loans for 5 years, at which time, if the homeowner is current and has not gone more than 30 days past-due more than 3 times during the first 60 months of the refinancing of his or her mortgage, the State's responsibility to guarantee the loan shall cease. Provides that if at the end of 5 years the homeowner is not current or has gone 30 days past-due more than 3 times, the State shall continue to guarantee the loan for an additional 36 months. Provides for a State guarantee of up to $3,000,000,000 each year for 3 years. Sets forth qualifications for homeowners and banks to participate in the program and other features of the program. Effective immediately.

Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

  1. Introduced (filed) — source
  2. Engrossed (committee substitute) — source
  3. Enrolled (enrolled) — source

Votes

  • Third Reading — 57–0 (pass) · upper
  • Third Reading — 115–0 (pass) · lower

Sponsors

  • Constance A. Howard — primary (person)
  • Martin A. Sandoval — cosponsor (person)

Timeline

The legislative action history — every referral, reading, and vote.

  • 2008-01-24 Filed with the Clerk by Rep. Constance A. Howard filing
  • 2008-01-25 First Reading reading-1
  • 2008-01-25 Referred to Rules Committee referral-committee
  • 2008-02-13 Added Chief Co-Sponsor Rep. LaShawn K. Ford
  • 2008-03-03 Assigned to Housing and Urban Development Committee referral-committee
  • 2008-03-12 House Committee Amendment No. 1 Filed with Clerk by Housing and Urban Development Committee amendment-introduction
  • 2008-03-12 House Committee Amendment No. 2 Filed with Clerk by Housing and Urban Development Committee amendment-introduction
  • 2008-03-12 House Committee Amendment No. 1 Adopted in Housing and Urban Development Committee; by Voice Vote amendment-passage
  • 2008-03-12 House Committee Amendment No. 2 Adopted in Housing and Urban Development Committee; by Voice Vote amendment-passage
  • 2008-03-12 Do Pass as Amended / Short Debate Housing and Urban Development Committee; 008-000-000 committee-passage
  • 2008-03-13 Placed on Calendar 2nd Reading - Short Debate
  • 2008-04-03 Added Co-Sponsor Rep. Daniel V. Beiser
  • 2008-04-03 Added Chief Co-Sponsor Rep. Elizabeth Hernandez
  • 2008-04-03 Added Chief Co-Sponsor Rep. Edward J. Acevedo
  • 2008-04-07 Added Co-Sponsor Rep. Patrick J Verschoore
  • 2008-04-08 Second Reading - Short Debate reading-2
  • 2008-04-08 Placed on Calendar Order of 3rd Reading - Short Debate
  • 2008-04-09 Added Co-Sponsor Rep. Deborah L. Graham
  • 2008-04-09 Added Co-Sponsor Rep. Milton Patterson
  • 2008-04-09 Added Co-Sponsor Rep. Jack D. Franks
  • 2008-04-09 Added Co-Sponsor Rep. Monique D. Davis
  • 2008-04-09 Added Co-Sponsor Rep. Elga L. Jefferies
  • 2008-04-09 Added Co-Sponsor Rep. Patricia R. Bellock
  • 2008-04-09 Added Co-Sponsor Rep. Arthur L. Turner
  • 2008-04-09 Added Co-Sponsor Rep. Raymond Poe
  • 2008-04-09 Third Reading - Short Debate - Passed 115-000-000 reading-3, passage
  • 2008-04-10 Arrive in Senate introduction
  • 2008-04-10 Placed on Calendar Order of First Reading reading-1
  • 2008-04-10 Chief Senate Sponsor Sen. Mattie Hunter
  • 2008-04-10 Added as Alternate Chief Co-Sponsor Sen. James T. Meeks
  • 2008-04-10 First Reading reading-1
  • 2008-04-10 Referred to Rules referral-committee
  • 2008-04-15 Added as Alternate Chief Co-Sponsor Sen. Jacqueline Y. Collins
  • 2008-04-16 Added as Alternate Co-Sponsor Sen. Martin A. Sandoval
  • 2008-04-30 Assigned to Housing and Community Affairs referral-committee
  • 2008-05-07 Added as Alternate Chief Co-Sponsor Sen. Iris Y. Martinez
  • 2008-05-08 Do Pass Housing and Community Affairs; 008-000-000 committee-passage
  • 2008-05-08 Placed on Calendar Order of 2nd Reading May 13, 2008
  • 2008-05-13 Second Reading reading-2
  • 2008-05-13 Placed on Calendar Order of 3rd Reading May 14, 2008
  • 2008-05-20 Added as Alternate Chief Co-Sponsor Sen. Donne E. Trotter
  • 2008-05-20 Third Reading - Passed; 057-000-000 reading-3, passage
  • 2008-05-20 Passed Both Houses
  • 2008-06-18 Sent to the Governor executive-receipt
  • 2008-08-15 Governor Approved executive-signature
  • 2008-08-15 Effective Date August 15, 2008
  • 2008-08-15 Public Act . . . . . . . . . 95-0834 became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/b94a43aa-5781-468c-89d2-164a836d068a. Confidence: reported (aggregated from official Illinois legislature records).

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