SB1261 - 104th General Assembly (2025-2026)

IHDA-HOMEOWNERSHIP PROGRAMS
Last Action
8/15/2025 - Senate: Public Act . . . . . . . . . 104-0370
Statutes Amended In Order of Appearance
New Act  
Synopsis As Introduced
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.

Senate Floor Amendment No. 1
Replaces everything after the enacting clause. Reinserts the provisions of the introduced bill with the following changes: Creates the Community Land Trust Task Force within the Illinois Housing Development Authority. Contains provisions concerning Task Force membership; Task Force meetings; and administrative support to the Task Force. Provides that the Task Force shall perform certain duties, including: (i) implementing the 2024 Community Land Trust Task Force Report recommendations; (ii) studying the use of community land trusts as a tool to create permanently affordable housing, including as an alternative to property tax sales; and (iii) increasing 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. Requires the Task Force to submit periodic reports to the Governor and General Assembly covering the Task Force's investigation into community land trusts and the Task Force's duties. Provides that the reports shall be made publicly available on the Illinois Housing Development Authority's website. Effective immediately.

House Floor Amendment No. 2
Replaces everything after the enacting clause. Reinserts the provisions of the engrossed bill. Requires the Community Land Trust Task Force to submit a report (rather than periodic reports) to the Governor and General Assembly. Provides that the Community Land Trust Task Force is dissolved, and the provisions creating the Task Force are repealed, 14 months after the date upon which the Task Force holds its first meeting. Makes some grammar changes. Effective immediately.
Actions
DateChamberAction
1/28/2025SenateFiled with Secretary by Sen. Graciela Guzmán
1/28/2025SenateFirst Reading
1/28/2025SenateReferred to Assignments
3/12/2025SenateAssigned to Judiciary
3/19/2025SenateDo Pass Judiciary; 009-000-000
3/19/2025SenatePlaced on Calendar Order of 2nd Reading March 20, 2025
3/20/2025SenateSecond Reading
3/20/2025SenatePlaced on Calendar Order of 3rd Reading April 1, 2025
4/04/2025SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Graciela Guzmán
4/04/2025SenateSenate Floor Amendment No. 1 Referred to Assignments
4/08/2025SenateSenate Floor Amendment No. 1 Assignments Refers to Judiciary
4/09/2025SenateAdded as Co-Sponsor Sen. Rachel Ventura
4/09/2025SenateAdded as Chief Co-Sponsor Sen. Mike Simmons
4/09/2025SenateSenate Floor Amendment No. 1 Recommend Do Adopt Judiciary; 008-000-000
4/10/2025SenateRecalled to Second Reading
4/10/2025SenateSenate Floor Amendment No. 1 Adopted; Guzman
4/10/2025SenatePlaced on Calendar Order of 3rd Reading
4/10/2025SenateThird Reading - Passed; 056-000-000
4/10/2025SenateAdded as Chief Co-Sponsor Sen. Willie Preston
4/10/2025SenateAdded as Co-Sponsor Sen. Li Arellano, Jr.
4/10/2025HouseArrived in House
4/10/2025HouseChief House Sponsor Rep. Lilian Jiménez
4/11/2025HouseFirst Reading
4/11/2025HouseReferred to Rules Committee
4/17/2025HouseAssigned to Housing Committee
5/06/2025HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Lilian Jiménez
5/06/2025HouseHouse Committee Amendment No. 1 Referred to Rules Committee
5/07/2025HouseDo Pass / Short Debate Housing Committee; 010-003-000
5/07/2025HouseHouse Committee Amendment No. 1 Tabled
5/07/2025HousePlaced on Calendar 2nd Reading - Short Debate
5/08/2025HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Lilian Jiménez
5/08/2025HouseHouse Floor Amendment No. 2 Referred to Rules Committee
5/13/2025HouseHouse Floor Amendment No. 2 Rules Refers to Housing Committee
5/13/2025HouseAdded Alternate Co-Sponsor Rep. Emanuel "Chris" Welch
5/14/2025HouseHouse Floor Amendment No. 2 Recommends Be Adopted Housing Committee; 011-005-000
5/16/2025HouseHouse Floor Amendment No. 2 Adopted by Voice Vote
5/16/2025HouseSecond Reading - Short Debate
5/16/2025HousePlaced on Calendar Order of 3rd Reading - Short Debate
5/21/2025HouseThird Reading - Short Debate - Passed 071-037-000
5/21/2025HouseAdded Alternate Co-Sponsor Rep. Sharon Chung
5/21/2025HouseAdded Alternate Co-Sponsor Rep. Camille Y. Lilly
5/21/2025HouseAdded Alternate Co-Sponsor Rep. Yolonda Morris
5/21/2025SenateSecretary's Desk - Concurrence House Amendment(s) 2
5/21/2025SenatePlaced on Calendar Order of Concurrence House Amendment(s) 2 - May 22, 2025
5/22/2025HouseAdded Alternate Co-Sponsor Rep. Hoan Huynh
5/27/2025SenateHouse Floor Amendment No. 2 Motion to Concur Filed with Secretary Sen. Graciela Guzmán
5/27/2025SenateHouse Floor Amendment No. 2 Motion to Concur Referred to Assignments
5/27/2025SenateHouse Floor Amendment No. 2 Motion to Concur Assignments Referred to Judiciary
5/28/2025SenateHouse Floor Amendment No. 2 Motion To Concur Recommended Do Adopt Judiciary; 008-000-000
5/31/2025SenateHouse Floor Amendment No. 2 Senate Concurs 056-000-000
5/31/2025SenateSenate Concurs
5/31/2025SenatePassed Both Houses
5/31/2025SenateAdded as Co-Sponsor Sen. Napoleon Harris, III
6/27/2025SenateSent to the Governor
8/15/2025SenateGovernor Approved
8/15/2025SenateEffective Date August 15, 2025
8/15/2025SenatePublic Act . . . . . . . . . 104-0370