Duties

(310 ILCS 130/45)     (For Section repeal see Section 55)     Sec. 45. Duties. The Community Land Trust Task Force shall:         (1) implement the 2024 Community Land Trust Task     Force Report recommendations including, but not limited to:             (A) exploring funding mechanisms currently         existing through the State as well as identifying new revenue streams including, but not limited to, bond issuance, innovation funding, real estate transfer tax, and the Illinois Affordable Housing Trust Fund;             (B) considering the incorporation of community         land trusts into the local tax sale process;             (C) exploring methods for providing technical         assistance support to emerging community land trusts;             (D) evaluating different approaches to community         land trust centralization; and            (E) ensuring statewide use of existing tax         assessment language and adjusting policy to ease burdens on community land trusts and community land trust owners;         (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) increase the number of State grants for     organizational capacity-building and housing development, with spending rules tailored to the needs of community land trusts and the size of community land trust projects;         (4) promote innovative sources of dedicated funding     and property for community land trusts;         (5) leverage rising industry and catalytic projects     to generate revenue for lasting affordable housing; and         (6) encourage partnerships between community land     trusts and land banks.(Source: P.A. 104-370, eff. 8-15-25.)