Illinois 101st Regular Session Status: In Committee 1 D cosponsors

HB 5653 — STUDENT LOAN/HOMEBUYER PROGRAM

Last action — Rule 19(b) / Re-referred to Rules Committee

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 101st Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Creates the Student Loan Forgiveness Homebuyer Program. Provides that subject to appropriation, the Illinois Housing Development Authority shall establish and administer a student loan forgiveness homebuyer program for the purpose of providing financial assistance to a homeowner for purchasing the homeowner's primary residence and making payments on the homeowner's student loan debt. Provides that the Authority shall determine the terms and qualifications for financial assistance under the program, including: (i) that the homebuyer under the program be a first-time homebuyer; and (ii) that the homebuyer under the program have student loan debt from a college, university, vocational school, or other post-secondary educational institution, and that the student loan debt be in the name of the homebuyer. Sets forth certain factors the Authority may consider when determining guidelines for the program. Provides that the Authority may make, participate in making, and undertake a commitment for specified financial assistance to a homebuyer under the program in amounts and types determined by the Authority based on industry standards of similar homebuyers, and in conjunction with other homebuyer programs the Authority administers. Provides that the Authority may purchase or commit to purchase from a lending institution a note, mortgage, or partial interest in a note or mortgage that evidences a residential mortgage loan to a homebuyer for purchasing the homeowner's primary residence in conjunction with obtaining separate financial assistance from the Authority for making payments on the homeowner's student loan debt.

Bill Text

Action History

  1. Rule 19(b) / Re-referred to Rules Committee

  2. Assigned to Revenue & Finance Committee

  3. Referred to Rules Committee

  4. First Reading

  5. Filed with the Clerk by Rep. Bob Morgan

Sponsors

Sponsorship breakdown

Export CSV (upgrade) →

0 sponsors · 1 co-sponsors · 182 not signed on

Sponsors (0)

None.

Co-sponsors (1)

Not signed on (182)

182 members have not signed on to this bill.

Show all 182 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

housing education
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HB 5653 do?
Creates the Student Loan Forgiveness Homebuyer Program. Provides that subject to appropriation, the Illinois Housing Development Authority shall establish and administer a student loan forgiveness homebuyer program for the purpose of providing financial assistance to a homeowner for purchasing the homeowner's primary residence and making payments on the homeowner's student loan debt. Provides that the Authority shall determine the terms and qualifications for financial assistance under the program, including: (i) that the homebuyer under the program be a first-time homebuyer; and (ii) that the homebuyer under the program have student loan debt from a college, university, vocational school, or other post-secondary educational institution, and that the student loan debt be in the name of the homebuyer. Sets forth certain factors the Authority may consider when determining guidelines for the program. Provides that the Authority may make, participate in making, and undertake a commitment for specified financial assistance to a homebuyer under the program in amounts and types determined by the Authority based on industry standards of similar homebuyers, and in conjunction with other homebuyer programs the Authority administers. Provides that the Authority may purchase or commit to purchase from a lending institution a note, mortgage, or partial interest in a note or mortgage that evidences a residential mortgage loan to a homebuyer for purchasing the homeowner's primary residence in conjunction with obtaining separate financial assistance from the Authority for making payments on the homeowner's student loan debt.
Who sponsors HB 5653?
HB 5653 is sponsored by Bob Morgan (Democrat).
What is the current status of HB 5653?
This bill died with 101st Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HB 5653?
Track HB 5653 free on One Click Politics — get push/email alerts when it moves.

Make your voice heard on HB 5653

Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.

Find my representatives → Run a campaign

Stay ahead of HB 5653

Last checked for changes 3 months ago · updated continuously

One Click Politics tracks every bill in Congress and all 50 states.

Track this bill →