 |
What is ICLFA? ICLFA
is an unaffiliated Joint Powers Authority (JPA),
which is an independent governmental entity made up
of several cities and counties. In this case, “unaffiliated”
means that funds ICLFA receives from the programs it
provides are not used to support other organizations,
associations or agencies. ICLFA was created in 1988
for the purpose of providing funds to cities for
equipment purchases, capital projects and other
acquisitions. The Authority is authorized to: 1) provide
funding to governmental entities for the purpose of
financing equipment and capital improvements; 2)
provide down payment and closing cost assistance to
qualified homebuyers; 3) finance the purchase of
multifamily residential projects; 4) finance the purchase
of manufactured home communities; and 5) perform
other activities in support of its members.
Since its inception, ICLFA has never required any
member or associate member to pay any membership
fees nor has ICLFA ever assessed any member or
associate member for any membership related
expenditures. All operational capital is generated
through program fees which are paid by the party
directly benefiting from the program.
How is ICLFA Governed?
ICLFA has 9 voting members and 52
associate (non-voting)
members. ICLFA is governed by an 9 member Board of Directors.
The Officer are:
MIKE McCORMICK, PRESIDENT
LOU BYRD, VICE PRESIDENT
SHALLY LIN, TREASURER
View Board Members
|
|
|
|
