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LRB096 06436 RCE 16520 b |
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| household budget. |
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| (5) The use of the H+T Affordability Index would help |
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| establish more accurate assessments of cost of living in a |
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| community by combining housing and transportation costs. |
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| (6) The Center for Neighborhood Technology's analysis |
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| of housing and transportation costs in 54 metro areas |
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| demonstrates that housing and transportation costs equal |
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| to 48% of income represents an achievable goal. |
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| (7) True affordability is derived from living in |
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| compact, mixed-use transit-rich communities where homes |
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| are located near shopping, schools, and work. |
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| (8) Residents of communities with low transportation |
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| costs benefit from using transit to get around, owning |
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| fewer cars, and driving them shorter distances, thereby |
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| reducing environmental impacts in addition to lowering |
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| their cost of living. |
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| (9) A housing and transportation affordability |
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| standard and screening criterion would be an appropriate |
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| tool for guiding State plans and investments in housing, |
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| economic development, transportation, and other public |
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| facilities. |
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| Section 10. Definitions. For purposes of this Act: |
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| "ARRA" means the American Recovery and Revitalization Act |
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| of 2009, more commonly known as the Stimulus Package, which |
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| allocated funding to both transportation and community |
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SB0414 Engrossed |
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LRB096 06436 RCE 16520 b |
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| development efforts. |
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| "CDB" means the Illinois Capital Development Board, which |
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| is responsible for overseeing the design, construction, |
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| repair, and renovation for State-funded, public buildings, |
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| including, but not limited to, schools, colleges, museums, and |
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| State recreation areas. |
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| "Center for Neighborhood Technology" or "CNT" means the |
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| Center for Neighborhood Technology, an Illinois private, |
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| non-profit organization dedicated to finding sustainable |
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| solutions to urban environmental and quality of life problems. |
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| "DCEO" means the Department of Commerce and Economic |
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| Opportunity, which is responsible for improving Illinois' |
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| competitiveness in the global economy by administering |
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| economic and workforce development programs. |
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| "H+T Affordability Index" means the Housing and |
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| Transportation Affordability Index, a tool designed by the |
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| Center for Neighborhood Technology, which maps the combined |
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| costs of housing and transportation for neighborhoods within a |
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| metropolitan area.
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| "IDOT" means the Department of Transportation, which is |
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| responsible for statewide planning of transportation and |
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| transit development. |
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| "IFA" means the Illinois Finance Authority, which is |
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| responsible for issuing taxable and tax-exempt bonds, making |
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| loans, and investing capital in initiatives that stimulate the |
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| economy and create jobs.
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LRB096 06436 RCE 16520 b |
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| "IHDA" means the Illinois Housing Development Authority, |
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| which is responsible for statewide planning of affordable |
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| housing and community development.
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| "Metropolitan Planning Organization" refers to a regional |
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| policy body, required by the federal government in urbanized |
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| areas with populations over 50,000 to carry out the |
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| metropolitan transportation planning requirements of federal |
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| highway and transit legislation.
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| Section 15. Adoption of the H+T Affordability Index as a |
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| State standard. The H+T Affordability Index shall be adopted by |
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| CDB, DCEO, IDOT, IFA, and IHDA (1) as a tool for the |
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| development of statewide plans and (2) as a criterion in the |
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| allocation of funding for transit, highways, economic |
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| development, and housing projects; the distribution of |
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| economic incentives to businesses; and the siting of public |
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| facilities in Metropolitan Planning Organization areas. |
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| Section 20. Adoption of H+T Affordability Index; agencies. |
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| (a) DCEO, IDOT, IFA, and IHDA shall create a State |
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| definition of affordability that incorporates both housing and |
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| transportation costs and shall incorporate that definition |
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| into all relevant statutes, plans, policies, and programs. |
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| (b) DCEO, IDOT, IFA and IHDA shall use the H+T |
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| Affordability Index to incorporate housing and transportation |
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| affordability as a criterion for screening and prioritizing |
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SB0414 Engrossed |
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LRB096 06436 RCE 16520 b |
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| investments in transportation, housing, and economic |
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| development projects. |
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| (c) CDB shall use the H+T Affordability Index to include |
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| housing and transportation affordability as a criterion for |
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| siting new public buildings. |
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| (d) IDOT shall condition all transportation expansion |
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| funds upon planning and zoning for compact, mixed-use |
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| communities that include an affordable housing component, |
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| which complies with the Affordable Housing Planning and Appeal |
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| Act. |
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| (e) IDOT and IHDA shall jointly undertake to create an |
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| integrated statewide housing and transportation plan utilizing |
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| the H+T Affordability Index that is designed to guide |
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| investments in transportation and housing while yielding |
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| affordable housing and transportation costs for Illinois |
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| communities.
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