IllinoisHB5777104th General Assembly (2025–2026)House

IDHA-COMMUNITY LAND TRUST

Sponsored By: Will Guzzardi

In Committee

Summary

Amends the Illinois Housing Development Act. Provides that the Illinois Housing Development Authority shall ensure that program staff have expertise in the community land trust model and shall implement procedures that remove barriers to the timely and effective execution of approved community land trust projects. Amends the Property Tax Code. Provides that property that is owned by a non-profit community land trust, as defined in the Community Land Trust Home Ownership Act, and that is used exclusively for the creation and maintenance of permanently affordable owner occupied single-family or multifamily residences is exempt beginning with the taxable year in which the property is acquired by the community land trust and continuing through the taxable year in which the property is sold to a homeowner. Effective immediately.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Will Guzzardi

    Affiliation unavailable

Cosponsors

  • Lilian Jiménez

    Affiliation unavailable

  • Sharon Chung

    Affiliation unavailable

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Added Co-Sponsor Rep. Lilian Jiménez

    5/29/2026House
  2. Added Co-Sponsor Rep. Sharon Chung

    5/19/2026House
  3. Referred to Rules Committee

    5/19/2026House
  4. First Reading

    5/19/2026House
  5. Filed with the Clerk by Rep. Will Guzzardi

    5/15/2026House

Bill Text

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