IllinoisSB1261104th General Assembly (2025–2026)SenateWALLET

IHDA-HOMEOWNERSHIP PROGRAMS

Sponsored By: Graciela Guzmán (Democratic)

Signed by Governor

Summary

Creates the Community Land Trust Home Ownership Act. Provides that the Illinois Housing Development Authority's homeownership programs, including loan products, grants, and other types of assistance, shall be made available to home buyers and owners seeking to purchase or maintain housing where a leasehold interest in real property is held by a community land trust or other 501(c)(3) organization for the purposes of promoting long-term affordability, preservation of affordable housing, or community revitalization efforts. Provides that any other type of seller, including for-profit or private sellers of homes, through leasehold agreements, such as installment contracts, contract for deeds, or any other type of purchase or ownership structure, shall not be eligible under the amendatory Act. Requires the Illinois Housing Development Authority, within 90 days after the effective date of the Act, to propose new or amended administrative rules that will make the Authority's homeownership programs consistent with the purposes of the Act. Effective immediately.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

More homeownership help through nonprofit land trusts

The law expands access to Illinois Housing Development Authority homeownership loans, grants, and other help for homebuyers and owners. A community land trust or another 501(c)(3) nonprofit must hold the home's leasehold interest, or ground-lease rights. The arrangement must support long-term affordability, preserve affordable housing, or help revitalize the community. This expansion excludes private or for-profit seller arrangements, including installment contracts and contracts for deed. The law takes effect immediately and requires the agency to propose program rule changes within 90 days.

Sponsors & Cosponsors

Sponsor

  • Graciela Guzmán

    Democratic • Senate

Cosponsors

  • Camille Y. Lilly

    Democratic • House

  • Emanuel "Chris" Welch

    Democratic • House

  • Hoan Huynh

    Democratic • House

  • Li Arellano, Jr.

    Republican • Senate

  • Lilian Jiménez

    Democratic • House

  • Mike Simmons

    Democratic • Senate

  • Napoleon Harris III

    Democratic • Senate

  • Rachel Ventura

    Democratic • Senate

  • Sharon Chung

    Democratic • House

  • Willie Preston

    Democratic • Senate

  • Yolonda Morris

    Democratic • House

Roll Call Votes

All Roll Calls

Yes: 229 • No: 45

Senate vote • 5/31/2025

House Floor Amendment No. 2 Senate Concurs

Yes: 56 • No: 0

Senate vote • 5/28/2025

House Floor Amendment No. 2 Motion To Concur Recommended Do Adopt Judiciary;

Yes: 8 • No: 0

House vote • 5/21/2025

Third Reading - Short Debate - Passed

Yes: 71 • No: 37

House vote • 5/14/2025

House Floor Amendment No. 2 Recommends Be Adopted Housing Committee;

Yes: 11 • No: 5

House vote • 5/7/2025

Do Pass / Short Debate Housing Committee;

Yes: 10 • No: 3

Senate vote • 4/10/2025

Third Reading - Passed;

Yes: 56 • No: 0

Senate vote • 4/9/2025

Senate Floor Amendment No. 1 Recommend Do Adopt Judiciary;

Yes: 8 • No: 0

Senate vote • 3/19/2025

Do Pass Judiciary;

Yes: 9 • No: 0

Bill Text

  • Engrossed

  • Enrolled

  • House Amendment 1

  • House Amendment 2

  • Introduced

  • Senate Amendment 1

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