Illinois General Assembly - Full Text of HB3269

LRB104 11069 JRC 21151 b

104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026
HB3269

Introduced 2/18/2025, by Rep. Camille Y. Lilly

SYNOPSIS AS INTRODUCED:

New Act
30 ILCS 105/5.1030 new

Creates the Housing Equity, Affordability, and Development Act. Provides that the Department of Revenue shall collect a fee from landlords with more than 5 units in an amount equal to 5% of the difference between their monthly rental income for a unit and $1,200, unless the rental income for the unit is less than $1,200, to be paid into the Housing Equity, Affordability, and Development Fund. The Illinois Housing Development Authority shall create a program under the Act to assist in home purchases for households whose tenant payments to the landlord have been more than 30% of their income for a period of 12 calendar months, and whose income is less than 3.33 times the median rent for their metropolitan area; or if the household does not live in a metropolitan area, 3.33 times the median rent in the closest metropolitan area. Provides that assistance shall be limited to $15,000 per household.

A BILL FOR

AN ACT concerning housing.

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 Housing Equity, Affordability, and Development Act.

Section 5. Definitions.

"Tenant payments to the landlord" means the 3-month average of monthly costs paid by the tenant to the landlord or agents including transaction fees, required utility fees, required maintenance fees, and pet fees; and one-twelfth of any move-in fees, credit check fees, application fees, or other one-time fees that are applied to every tenant.

Section 10. Housing Equity, Affordability, and Development Fund fee. The Department of Revenue shall collect a fee from landlords with more than 5 units equal to 5% of the difference between their monthly rental income for a unit and $1,200, unless the rental income for the unit is less than $1,200, to be paid into the Housing Equity, Affordability, and Development Fund. The Department of Revenue may adopt rules to implement this Act.

Section 15. Housing Independence Program. The Illinois Housing Development Authority shall create a program under this Act to assist in home purchases for households whose tenant payments to the landlord have been more than 30% of their income for a period of 12 calendar months, and whose income is less than 3.33 times the median rent for their metropolitan area; or if the household does not live in a metropolitan area, 3.33 times the median rent in the closest metropolitan area. Assistance is limited to $15,000 per household. The Illinois Housing Development Authority may adopt rules to implement this Act.

Section 20. The State Finance Act is amended by adding Section 5.1030 as follows:

(30 ILCS 105/5.1030 new)

Sec. 5.1030. The Housing Equity, Affordability, and Development Fund.