Full Text of SB2037 103rd General Assembly
SB2037enr 103RD GENERAL ASSEMBLY |
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| 1 | | AN ACT concerning local government.
| 2 | | Be it enacted by the People of the State of Illinois,
| 3 | | represented in the General Assembly:
| 4 | | Section 1. Short title. This Act may be cited as the | 5 | | Community Land Trust Task Force Act. | 6 | | Section 5. Findings. The General Assembly finds:
| 7 | | (1) Homeownership is the principal way families build | 8 | | wealth, yet homeownership is most inaccessible to | 9 | | communities of color in Illinois, who are 1.6 times less | 10 | | likely than white people to be homeowners.
| 11 | | (2) The property tax sale system contributes to the | 12 | | racial wealth gap in homeownership by transferring home | 13 | | equity from communities of color to investors, threatening | 14 | | community stability, and increasing housing costs.
| 15 | | (3) Homeownership serves as a critical tool to close | 16 | | the racial wealth gap by enabling historically excluded | 17 | | families to build generational wealth.
| 18 | | (4) Community land trusts curb displacement and foster | 19 | | generational wealth by creating opportunities for | 20 | | permanently affordable homeownership using a onetime | 21 | | subsidy.
| 22 | | (5) Community land trusts preserve naturally occurring | 23 | | affordable housing by closing the affordability gap so |
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| 1 | | that low-income to moderate-income households can live in | 2 | | high-opportunity neighborhoods.
| 3 | | (6) Community land trusts can be a powerful solution | 4 | | for homeowners facing delinquent property taxes or other | 5 | | financial threats to continued homeownership that keeps | 6 | | residents in their homes and creates permanently | 7 | | affordable properties for future buyers.
| 8 | | (7) Local community land trusts currently operate to | 9 | | successfully preserve and create affordable housing in | 10 | | urban areas in Illinois, but there is need for centralized | 11 | | support and coordination for the establishment of local | 12 | | community land trusts across the State.
| 13 | | (8) The State of Illinois commits to becoming a | 14 | | national exemplar by supporting and encouraging the | 15 | | establishment of community land trusts across the State.
| 16 | | Section 10. Community Land Trust Task Force.
| 17 | | (a) The Community Land Trust Task Force is created within | 18 | | the Illinois Housing Development Authority and shall consist | 19 | | of the following members:
| 20 | | (1) The Governor, or his or her designee.
| 21 | | (2) The Executive Director of the Illinois Housing | 22 | | Development Authority, or his or her designee.
| 23 | | (3) The Director of Revenue, or his or her designee.
| 24 | | (4) The Secretary of Human Services, or his or her | 25 | | designee.
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| 1 | | (5) The Director of Commerce and Economic Opportunity, | 2 | | or his or her designee.
| 3 | | (6) One member representing the Governor's Office of | 4 | | Management and Budget, appointed by the Governor.
| 5 | | (7) One member of the Senate, appointed by the | 6 | | President of the Senate.
| 7 | | (8) One member of the Senate, appointed by the | 8 | | Minority Leader of the Senate.
| 9 | | (9) One member of the House of Representatives, | 10 | | appointed by the Speaker of the House of Representatives.
| 11 | | (10) One member of the House of Representatives, | 12 | | appointed by the Minority Leader of the House of | 13 | | Representatives.
| 14 | | (11) One representative from each of the 3 | 15 | | Illinois-based community land trusts that were established | 16 | | for the purpose of supporting affordable housing, | 17 | | appointed by the Governor.
| 18 | | (12) One representative of a university located in | 19 | | Illinois who has expertise on housing studies, appointed | 20 | | by the Governor.
| 21 | | (13) One member representing a national laboratory | 22 | | that provides technical support to advance affordable | 23 | | housing solutions, appointed by the Governor.
| 24 | | (14) One member representing a statewide organization | 25 | | that advocates for affordable housing in Illinois, | 26 | | appointed by the Governor.
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| 1 | | (15) One member from the nongovernmental sector, | 2 | | appointed by the Governor.
| 3 | | (b) All members of the Task Force shall serve without | 4 | | compensation. Task Force members shall be appointed within 30 | 5 | | days after the effective date of this Act. If a vacancy occurs | 6 | | in the membership, a replacement will be appointed by the | 7 | | co-chairs of the Task Force.
| 8 | | (c) The following individuals shall serve as co-chairs of | 9 | | the Task Force: (i) the Executive Director of the Illinois | 10 | | Housing Development Authority, or his or her designee; (ii) | 11 | | the member of the Senate appointed by the President of the | 12 | | Senate; and (iii) the member of the House of Representatives | 13 | | appointed by the Speaker of the House of Representatives. | 14 | | Additionally, the member from the nongovernmental sector shall | 15 | | serve as vice-chair of the Task Force.
| 16 | | Section 15. Administrative support. The Illinois Housing | 17 | | Development Authority shall provide administrative and | 18 | | technical support to the Task Force, shall be responsible for | 19 | | administering the Task Force's operations, and shall ensure | 20 | | that the duties of the Task Force are completed. | 21 | | Section 20. Meetings. The Task Force shall hold its | 22 | | initial meetings within 60 days after the effective date of | 23 | | this Act. The Task Force shall meet at least 6 times before | 24 | | December 31, 2024. Additional meetings may be called at the |
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| 1 | | direction of the co-chairs. | 2 | | Section 25. Duties. The Community Land Trust Task Force | 3 | | shall:
| 4 | | (1) collect data regarding the current use of | 5 | | community land trusts in Illinois and opportunities for | 6 | | expansion statewide, including the number of properties | 7 | | that could be acquired by a land trust through the | 8 | | property tax sale system;
| 9 | | (2) study the use of community land trusts as a tool to | 10 | | create permanently affordable housing, including as an | 11 | | alternative to property tax sales;
| 12 | | (3) analyze centralized models that support the use of | 13 | | community land trusts to create and maintain affordable | 14 | | housing used in other states and countries worldwide;
| 15 | | (4) create a cost-benefit analysis describing any | 16 | | savings to the State if a community land trust model was | 17 | | pursued, including when compared to current affordable | 18 | | rental housing programs and savings across other sectors;
| 19 | | (5) outline financing and lending opportunities for | 20 | | community land trusts to make homeownership attainable to | 21 | | historically marginalized communities;
| 22 | | (6) examine the impact substantial investments in | 23 | | community land trusts would have on closing the racial | 24 | | wealth gap in Illinois;
| 25 | | (7) examine any different considerations in the use of |
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| 1 | | community land trusts in gentrifying and disinvested | 2 | | communities;
| 3 | | (8) examine incentive packages to encourage current | 4 | | property owners to sell their homes to a community land | 5 | | trust;
| 6 | | (9) explore complementary uses of community land | 7 | | trusts and housing cooperatives; and
| 8 | | (10) prepare a final report making specific | 9 | | recommendations of legislative and budgetary action that | 10 | | supports the mission of community land trusts to foster | 11 | | affordable housing and homeownership.
| 12 | | Section 30. Report. The Task Force shall submit its final | 13 | | report to the Governor and General Assembly no later than | 14 | | December 31, 2024. The final report shall be made available on | 15 | | the Illinois Housing Development Authority's website for | 16 | | viewing by the general public.
| 17 | | Section 35. Dissolution; repeal. The Task Force is | 18 | | dissolved and this Act is repealed on December 31, 2024.
| 19 | | Section 99. Effective date. This Act takes effect upon | 20 | | becoming law.
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