IDHA-COMMUNITY LAND TRUST

Summary

The bill directs the Illinois Housing Development Authority to ensure its staff are knowledgeable about the community land trust model and to streamline processes for approved CLT projects. It also adds a property‑tax exemption for land owned by nonprofit community land trusts that provide permanently affordable owner‑occupied housing, starting in the 2027 tax year. The changes aim to expand affordable homeownership options.

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

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