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HB 5485·IL·house

FAIR ACCESS TO HOUSING

Reported by CommitteeFiled Feb 6, 2026
Sponsor: Justin Cochran
Latest Action

Rule 19(a) / Re-referred to Rules Committee

Apr 17, 2026

Summary

The bill amends the Fair Access to Housing Act so that, beginning Jan. 1 2027, any institutional real‑estate investor or an entity funded by one cannot purchase a single‑family residence unless it has been listed for sale to the general public for at least 75 days. Violations can lead to civil penalties up to $250,000 and allow the Attorney General to bring a lawsuit on the state's behalf.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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