New Illinois county recording fees starts 07-01-23

Buying or selling real estate in Illinois? If you close after July 1, 2023, your county's recording fees will include a new $9 increase. But there's a bright side to it. 

If you have any questions about selling and buying real estate in the Chicago area, our real estate law firm is ready and happy to help. It's easy, just contact our office.

What is RHSP?

The Rental Housing Support Program was created in 2005 to help address the ongoing need for decent, affordable, permanent rental housing. Low wages and limited availability of affordable rental housing requires many families and households throughout Illinois to pay a disproportionate share of their income for basic housing. Affordable housing can also be hard to find for household family members have disabilities or other special needs.

Eligible participants must have a household income of 30 percent or less of the area median income (AMI). Those clients pay 30 percent of their income towards their rents. Housing provider subsidies make up the difference between the client portion and fair market rents.

Unlike traditional Section 8 or Housing Choice Vouchers that are tenant-based. The RHSP is project based. Once a housing provider and property are qualified, any qualified client can move into the unit on the same terms if another vacates the unit.