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| Public Act 103-0250 | ||||
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AN ACT concerning local government.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 1. Short title. This Act may be cited as the | ||||
Community Land Trust Task Force Act. | ||||
Section 5. Findings. The General Assembly finds:
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(1) Homeownership is the principal way families build | ||||
wealth, yet homeownership is most inaccessible to | ||||
communities of color in Illinois, who are 1.6 times less | ||||
likely than white people to be homeowners.
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(2) The property tax sale system contributes to the | ||||
racial wealth gap in homeownership by transferring home | ||||
equity from communities of color to investors, threatening | ||||
community stability, and increasing housing costs.
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(3) Homeownership serves as a critical tool to close | ||||
the racial wealth gap by enabling historically excluded | ||||
families to build generational wealth.
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(4) Community land trusts curb displacement and foster | ||||
generational wealth by creating opportunities for | ||||
permanently affordable homeownership using a onetime | ||||
subsidy.
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(5) Community land trusts preserve naturally occurring | ||||
affordable housing by closing the affordability gap so | ||||
that low-income to moderate-income households can live in | ||
high-opportunity neighborhoods.
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(6) Community land trusts can be a powerful solution | ||
for homeowners facing delinquent property taxes or other | ||
financial threats to continued homeownership that keeps | ||
residents in their homes and creates permanently | ||
affordable properties for future buyers.
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(7) Local community land trusts currently operate to | ||
successfully preserve and create affordable housing in | ||
urban areas in Illinois, but there is need for centralized | ||
support and coordination for the establishment of local | ||
community land trusts across the State.
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(8) The State of Illinois commits to becoming a | ||
national exemplar by supporting and encouraging the | ||
establishment of community land trusts across the State.
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Section 10. Community Land Trust Task Force.
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(a) The Community Land Trust Task Force is created within | ||
the Illinois Housing Development Authority and shall consist | ||
of the following members:
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(1) The Governor, or his or her designee.
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(2) The Executive Director of the Illinois Housing | ||
Development Authority, or his or her designee.
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(3) The Director of Revenue, or his or her designee.
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(4) The Secretary of Human Services, or his or her | ||
designee.
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(5) The Director of Commerce and Economic Opportunity, | ||
or his or her designee.
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(6) One member representing the Governor's Office of | ||
Management and Budget, appointed by the Governor.
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(7) One member of the Senate, appointed by the | ||
President of the Senate.
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(8) One member of the Senate, appointed by the | ||
Minority Leader of the Senate.
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(9) One member of the House of Representatives, | ||
appointed by the Speaker of the House of Representatives.
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(10) One member of the House of Representatives, | ||
appointed by the Minority Leader of the House of | ||
Representatives.
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(11) One representative from each of the 3 | ||
Illinois-based community land trusts that were established | ||
for the purpose of supporting affordable housing, | ||
appointed by the Governor.
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(12) One representative of a university located in | ||
Illinois who has expertise on housing studies, appointed | ||
by the Governor.
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(13) One member representing a national laboratory | ||
that provides technical support to advance affordable | ||
housing solutions, appointed by the Governor.
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(14) One member representing a statewide organization | ||
that advocates for affordable housing in Illinois, | ||
appointed by the Governor.
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(15) One member from the nongovernmental sector, | ||
appointed by the Governor.
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(b) All members of the Task Force shall serve without | ||
compensation. Task Force members shall be appointed within 30 | ||
days after the effective date of this Act. If a vacancy occurs | ||
in the membership, a replacement will be appointed by the | ||
co-chairs of the Task Force.
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(c) The following individuals shall serve as co-chairs of | ||
the Task Force: (i) the Executive Director of the Illinois | ||
Housing Development Authority, or his or her designee; (ii) | ||
the member of the Senate appointed by the President of the | ||
Senate; and (iii) the member of the House of Representatives | ||
appointed by the Speaker of the House of Representatives. | ||
Additionally, the member from the nongovernmental sector shall | ||
serve as vice-chair of the Task Force.
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Section 15. Administrative support. The Illinois Housing | ||
Development Authority shall provide administrative and | ||
technical support to the Task Force, shall be responsible for | ||
administering the Task Force's operations, and shall ensure | ||
that the duties of the Task Force are completed. | ||
Section 20. Meetings. The Task Force shall hold its | ||
initial meetings within 60 days after the effective date of | ||
this Act. The Task Force shall meet at least 6 times before | ||
December 31, 2024. Additional meetings may be called at the | ||
direction of the co-chairs. | ||
Section 25. Duties. The Community Land Trust Task Force | ||
shall:
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(1) collect data regarding the current use of | ||
community land trusts in Illinois and opportunities for | ||
expansion statewide, including the number of properties | ||
that could be acquired by a land trust through the | ||
property tax sale system;
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(2) study the use of community land trusts as a tool to | ||
create permanently affordable housing, including as an | ||
alternative to property tax sales;
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(3) analyze centralized models that support the use of | ||
community land trusts to create and maintain affordable | ||
housing used in other states and countries worldwide;
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(4) create a cost-benefit analysis describing any | ||
savings to the State if a community land trust model was | ||
pursued, including when compared to current affordable | ||
rental housing programs and savings across other sectors;
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(5) outline financing and lending opportunities for | ||
community land trusts to make homeownership attainable to | ||
historically marginalized communities;
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(6) examine the impact substantial investments in | ||
community land trusts would have on closing the racial | ||
wealth gap in Illinois;
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(7) examine any different considerations in the use of | ||
community land trusts in gentrifying and disinvested | ||
communities;
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(8) examine incentive packages to encourage current | ||
property owners to sell their homes to a community land | ||
trust;
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(9) explore complementary uses of community land | ||
trusts and housing cooperatives; and
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(10) prepare a final report making specific | ||
recommendations of legislative and budgetary action that | ||
supports the mission of community land trusts to foster | ||
affordable housing and homeownership.
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Section 30. Report. The Task Force shall submit its final | ||
report to the Governor and General Assembly no later than | ||
December 31, 2024. The final report shall be made available on | ||
the Illinois Housing Development Authority's website for | ||
viewing by the general public.
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Section 35. Dissolution; repeal. The Task Force is | ||
dissolved and this Act is repealed on December 31, 2024.
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Section 99. Effective date. This Act takes effect upon | ||
becoming law.
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