(20 ILCS 4126/25)
    (Section scheduled to be repealed on December 31, 2025)
    Sec. 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.
(Source: P.A. 103-250, eff. 6-30-23.)