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amount of tax credits reserved by the administrative housing agency for an approved project is limited to $41,831,227 in State fiscal year 2027 and shall increase by 10% each fiscal year thereafter. The City of Chicago shall receive 24.5% of total tax credits authorized for each fiscal year. The Authority shall receive the balance of the tax credits authorized for each fiscal year. The tax credits may be used anywhere in this State. The tax credits have the following set-asides: (1) for employer-assisted housing projects, $2 million; and (2) for general operating support and technical assistance, $1 million. The balance of the funds must be used for affordable housing projects. During the first 9 months of a fiscal year, if an administrative housing agency is unable to reserve the tax credits set aside for the purposes described in subsection (e), the administrative housing agency may reserve the tax credits for any approved projects. (f) The administrative housing agency that reserves tax credits for an affordable housing project must record against the land upon which the affordable housing project is located an instrument to assure that the property maintains its affordable housing compliance for a minimum of 10 years. The Authority has flexibility to assure that the instrument does not cause undue hardship on homeowners. SB3019 Enrolled LRB104 20255 HLH 33706 b Public Act 104-0468