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Public Act 103-0250


 

Public Act 0250 103RD GENERAL ASSEMBLY

  
  
  

 


 
Public Act 103-0250
 
SB2037 EnrolledLRB103 28079 AWJ 54458 b

    AN ACT concerning local government.
 
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
 
    Section 1. Short title. This Act may be cited as the
Community Land Trust Task Force Act.
 
    Section 5. Findings. The General Assembly finds:
        (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.
        (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.
        (3) Homeownership serves as a critical tool to close
    the racial wealth gap by enabling historically excluded
    families to build generational wealth.
        (4) Community land trusts curb displacement and foster
    generational wealth by creating opportunities for
    permanently affordable homeownership using a onetime
    subsidy.
        (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.
        (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.
        (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.
        (8) The State of Illinois commits to becoming a
    national exemplar by supporting and encouraging the
    establishment of community land trusts across the State.
 
    Section 10. Community Land Trust Task Force.
    (a) The Community Land Trust Task Force is created within
the Illinois Housing Development Authority and shall consist
of the following members:
        (1) The Governor, or his or her designee.
        (2) The Executive Director of the Illinois Housing
    Development Authority, or his or her designee.
        (3) The Director of Revenue, or his or her designee.
        (4) The Secretary of Human Services, or his or her
    designee.
        (5) The Director of Commerce and Economic Opportunity,
    or his or her designee.
        (6) One member representing the Governor's Office of
    Management and Budget, appointed by the Governor.
        (7) One member of the Senate, appointed by the
    President of the Senate.
        (8) One member of the Senate, appointed by the
    Minority Leader of the Senate.
        (9) One member of the House of Representatives,
    appointed by the Speaker of the House of Representatives.
        (10) One member of the House of Representatives,
    appointed by the Minority Leader of the House of
    Representatives.
        (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.
        (12) One representative of a university located in
    Illinois who has expertise on housing studies, appointed
    by the Governor.
        (13) One member representing a national laboratory
    that provides technical support to advance affordable
    housing solutions, appointed by the Governor.
        (14) One member representing a statewide organization
    that advocates for affordable housing in Illinois,
    appointed by the Governor.
        (15) One member from the nongovernmental sector,
    appointed by the Governor.
    (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.
    (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.
 
    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:
        (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;
        (2) study the use of community land trusts as a tool to
    create permanently affordable housing, including as an
    alternative to property tax sales;
        (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;
        (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;
        (5) outline financing and lending opportunities for
    community land trusts to make homeownership attainable to
    historically marginalized communities;
        (6) examine the impact substantial investments in
    community land trusts would have on closing the racial
    wealth gap in Illinois;
        (7) examine any different considerations in the use of
    community land trusts in gentrifying and disinvested
    communities;
        (8) examine incentive packages to encourage current
    property owners to sell their homes to a community land
    trust;
        (9) explore complementary uses of community land
    trusts and housing cooperatives; and
        (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.
 
    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.
 
    Section 35. Dissolution; repeal. The Task Force is
dissolved and this Act is repealed on December 31, 2024.
 
    Section 99. Effective date. This Act takes effect upon
becoming law.

Effective Date: 6/30/2023