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| 1 | | (2) enter into agreements to transfer real property, |
| 2 | | with any unit of local government, including forest |
| 3 | | preserve districts created under the Downstate Forest |
| 4 | | Preserve District Act, any school district, or the State, |
| 5 | | for the purpose of creating or preserving affordable |
| 6 | | housing for households making up to 140% of the area |
| 7 | | median income annually; |
| 8 | | (3) enter into agreements to donate, lease below |
| 9 | | market rate, or sell below market rate, real property for |
| 10 | | the purpose of the creation or preservation of affordable |
| 11 | | housing for households making up to 140% of the area |
| 12 | | median income annually; |
| 13 | | (4) undertake any activity permitted by the Affordable |
| 14 | | Housing Planning and Appeal Act for the purpose of |
| 15 | | creating, developing, encouraging the development, or |
| 16 | | preservation of the development of affordable housing for |
| 17 | | households making up to 140% of the area median income |
| 18 | | annually; and |
| 19 | | (5) select purchasers and lessors for properties held |
| 20 | | by the county, a county land bank, or county land trust. |
| 21 | | The selection of purchasers and lessors under paragraph |
| 22 | | (5) shall be made in a manner designed to increase and maintain |
| 23 | | affordable housing within the county without regard to the |
| 24 | | fair market value of the real property. |
| 25 | | (55 ILCS 5/5-1196 new) |
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| 1 | | Sec. 5-1196. Affordable housing grant programs. |
| 2 | | (a) As used in this Section, "affordable housing" means |
| 3 | | housing for households making up to 140% of the area median |
| 4 | | income annually. |
| 5 | | (b) Counties having a population of greater than 750,000 |
| 6 | | residents and fewer than 2 million residents and counties |
| 7 | | having the county executive form of government and a |
| 8 | | population of greater than 650,000 and fewer than 2 million |
| 9 | | residents, according to the most recent federal decennial |
| 10 | | census, may encourage and facilitate the creation of |
| 11 | | affordable housing within the geographic boundaries of the |
| 12 | | county, including areas within municipalities, by offering, to |
| 13 | | developers of affordable housing units, financial incentives, |
| 14 | | including, but not limited to, grants and loans, and |
| 15 | | infrastructure improvements, including, but not limited to, |
| 16 | | stormwater detention, public water and sewer improvements, and |
| 17 | | similar improvements that facilitate increasing the supply of |
| 18 | | affordable housing units. Improvements that facilitate |
| 19 | | increasing the supply of affordable housing units shall be |
| 20 | | considered improvements for a public purpose. |
| 21 | | (c) Counties having a population of greater than 750,000 |
| 22 | | residents and fewer than 2 million residents and counties |
| 23 | | having the county executive form of government and a |
| 24 | | population of greater than 650,000 and fewer than 2 million |
| 25 | | residents, according to the most recent federal decennial |
| 26 | | census, may enter into agreements with developers relating to |
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| 1 | | grants, loans, and similar incentives to facilitate affordable |
| 2 | | housing within the county. As part of an agreement or in return |
| 3 | | for an infrastructure improvement, the county may impose a |
| 4 | | restriction on the title of an affordable housing development, |
| 5 | | subject to the agreements under this subsection, that |
| 6 | | restricts the income level of inhabitants of all or part of the |
| 7 | | development. The income restrictions are limited to periods |
| 8 | | not to exceed 15 years. For purposes of deed restrictions, a |
| 9 | | county may use the United States Department of Housing and |
| 10 | | Urban Development fair market rent or other federally |
| 11 | | established rent tables to calculate the maximum allowable |
| 12 | | rent for units benefiting from grants, financial incentives, |
| 13 | | and infrastructure development under the program. |
| 14 | | (d) Counties having a population of greater than 750,000 |
| 15 | | residents and fewer than 2 million residents and counties |
| 16 | | having the county executive form of government and a |
| 17 | | population of greater than 650,000 and fewer than 2 million |
| 18 | | residents, according to the most recent federal decennial |
| 19 | | census, may enter into agreements with property owners to |
| 20 | | engage in clearance and remediation activities, including the |
| 21 | | removal of buildings and improvements, the movement of |
| 22 | | structures to other sites, and the remediation of known or |
| 23 | | suspected environmental contamination.". |