Duties

(20 ILCS 4126/25)     (Section scheduled to be repealed on December 31, 2026)     Sec. 25.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.)