Fabio
108 lines
7.3 KiB
Markdown
108 lines
7.3 KiB
Markdown
---
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type: "Bill"
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title: "IHDA-HOUSING STABILZATION LOAN"
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description: "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."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "95th"
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identifier: "HB 4611"
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citation: "Illinois HB 4611 (95th)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: []
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version_count: 3
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action_count: 47
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vote_count: 2
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first_action: "2008-01-24"
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last_action: "2008-08-15"
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source: "openstates"
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source_identifier: "ocd-bill/b94a43aa-5781-468c-89d2-164a836d068a"
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source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=4611&GAID=9&DocTypeID=HB&LegId=35286&SessionID=51&GA=95"
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source_hash: "f917c2c3e4222540718f9c58b048ba03fc42eaa1d23a34ae3e0bdd6c97548d50"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-il"]
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---
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# Illinois HB 4611 (95th) — IHDA-HOUSING STABILZATION LOAN
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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.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Introduced** (filed) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09500HB4611&GA=95&SessionId=51&DocTypeId=HB&LegID=35286&DocNum=4611&GAID=9&Session=&print=true)
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2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09500HB4611eng&GA=95&SessionId=51&DocTypeId=HB&LegID=35286&DocNum=4611&GAID=9&Session=&print=true)
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3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09500HB4611enr&GA=95&SessionId=51&DocTypeId=HB&LegID=35286&DocNum=4611&GAID=9&Session=&print=true)
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## Votes
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- Third Reading — **57–0** (pass) · upper
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- Third Reading — **115–0** (pass) · lower
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## Sponsors
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- Constance A. Howard — primary (person)
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- Martin A. Sandoval — cosponsor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2008-01-24** Filed with the Clerk by Rep. Constance A. Howard `filing`
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- **2008-01-25** First Reading `reading-1`
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- **2008-01-25** Referred to Rules Committee `referral-committee`
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- **2008-02-13** Added Chief Co-Sponsor Rep. LaShawn K. Ford
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- **2008-03-03** Assigned to Housing and Urban Development Committee `referral-committee`
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- **2008-03-12** House Committee Amendment No. 1 Filed with Clerk by Housing and Urban Development Committee `amendment-introduction`
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- **2008-03-12** House Committee Amendment No. 2 Filed with Clerk by Housing and Urban Development Committee `amendment-introduction`
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- **2008-03-12** House Committee Amendment No. 1 Adopted in Housing and Urban Development Committee; by Voice Vote `amendment-passage`
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- **2008-03-12** House Committee Amendment No. 2 Adopted in Housing and Urban Development Committee; by Voice Vote `amendment-passage`
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- **2008-03-12** Do Pass as Amended / Short Debate Housing and Urban Development Committee; 008-000-000 `committee-passage`
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- **2008-03-13** Placed on Calendar 2nd Reading - Short Debate
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- **2008-04-03** Added Co-Sponsor Rep. Daniel V. Beiser
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- **2008-04-03** Added Chief Co-Sponsor Rep. Elizabeth Hernandez
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- **2008-04-03** Added Chief Co-Sponsor Rep. Edward J. Acevedo
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- **2008-04-07** Added Co-Sponsor Rep. Patrick J Verschoore
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- **2008-04-08** Second Reading - Short Debate `reading-2`
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- **2008-04-08** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2008-04-09** Added Co-Sponsor Rep. Deborah L. Graham
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- **2008-04-09** Added Co-Sponsor Rep. Milton Patterson
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- **2008-04-09** Added Co-Sponsor Rep. Jack D. Franks
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- **2008-04-09** Added Co-Sponsor Rep. Monique D. Davis
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- **2008-04-09** Added Co-Sponsor Rep. Elga L. Jefferies
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- **2008-04-09** Added Co-Sponsor Rep. Patricia R. Bellock
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- **2008-04-09** Added Co-Sponsor Rep. Arthur L. Turner
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- **2008-04-09** Added Co-Sponsor Rep. Raymond Poe
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- **2008-04-09** Third Reading - Short Debate - Passed 115-000-000 `reading-3, passage`
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- **2008-04-10** Arrive in Senate `introduction`
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- **2008-04-10** Placed on Calendar Order of First Reading `reading-1`
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- **2008-04-10** Chief Senate Sponsor Sen. Mattie Hunter
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- **2008-04-10** Added as Alternate Chief Co-Sponsor Sen. James T. Meeks
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- **2008-04-10** First Reading `reading-1`
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- **2008-04-10** Referred to Rules `referral-committee`
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- **2008-04-15** Added as Alternate Chief Co-Sponsor Sen. Jacqueline Y. Collins
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- **2008-04-16** Added as Alternate Co-Sponsor Sen. Martin A. Sandoval
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- **2008-04-30** Assigned to Housing and Community Affairs `referral-committee`
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- **2008-05-07** Added as Alternate Chief Co-Sponsor Sen. Iris Y. Martinez
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- **2008-05-08** Do Pass Housing and Community Affairs; 008-000-000 `committee-passage`
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- **2008-05-08** Placed on Calendar Order of 2nd Reading May 13, 2008
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- **2008-05-13** Second Reading `reading-2`
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- **2008-05-13** Placed on Calendar Order of 3rd Reading May 14, 2008
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- **2008-05-20** Added as Alternate Chief Co-Sponsor Sen. Donne E. Trotter
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- **2008-05-20** Third Reading - Passed; 057-000-000 `reading-3, passage`
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- **2008-05-20** Passed Both Houses
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- **2008-06-18** Sent to the Governor `executive-receipt`
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- **2008-08-15** Governor Approved `executive-signature`
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- **2008-08-15** Effective Date August 15, 2008
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- **2008-08-15** Public Act . . . . . . . . . 95-0834 `became-law`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/b94a43aa-5781-468c-89d2-164a836d068a`. Confidence: reported (aggregated from official Illinois legislature records).
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