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HB5777 • 2026
IDHA-COMMUNITY LAND TRUST
This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.
Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.
IDHA-COMMUNITY LAND TRUST
Added Co-Sponsor Rep. Lilian Jiménez
First Reading
Referred to Rules Committee
Added Co-Sponsor Rep. Sharon Chung
Filed with the Clerk by Rep. Will Guzzardi
IDHA-COMMUNITY LAND TRUST
Illinois General Assembly - Full Text of HB5777 Select Language × The Illinois General Assembly offers the Google Translate™ service for visitor convenience. In no way should it be considered accurate as to the translation of any content herein. Visitors of the Illinois General Assembly website are encouraged to use other translation services available on the internet. The English language version is always the official and authoritative version of this website. NOTE: To return to the original English language version, select the "Show Original" button on the Google Translate™ menu bar at the top of the window. 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Full Text of HB5777 Home Legislation Full Text HB5777 - 104th General Assembly Bill Status Full Text Votes Witness Slips Select Menu Bill Status Full Text Votes Witness Slips Printer Friendly Version Introduced Printer Friendly Version Introduced Open PDF 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB5777 Introduced , by Rep. Will Guzzardi SYNOPSIS AS INTRODUCED: 20 ILCS 3805/32.5 new 35 ILCS 200/15-77 new 310 ILCS 130/15 Amends the Illinois Housing Development Act. Provides that the Illinois Housing Development Authority shall ensure that program staff have expertise in the community land trust model and shall implement procedures that remove barriers to the timely and effective execution of approved community land trust projects. Amends the Property Tax Code. Provides that property that is owned by a non-profit community land trust, as defined in the Community Land Trust Home Ownership Act, and that is used exclusively for the creation and maintenance of permanently affordable owner occupied single-family or multifamily residences is exempt beginning with the taxable year in which the property is acquired by the community land trust and continuing through the taxable year in which the property is sold to a homeowner. Effective immediately. LRB104 21355 HLH 36255 b A BILL FOR HB5777 LRB104 21355 HLH 36255 b 1 AN ACT concerning State government. 2 Be it enacted by the People of the State of Illinois, 3 represented in the General Assembly: 4 Section 5. The Illinois Housing Development Act is amended 5 by adding Section 32.5 as follows: 6 (20 ILCS 3805/32.5 new) 7 Sec. 32.5. Community land trust program support. The 8 Authority shall ensure that program staff have expertise in 9 the community land trust model and shall implement procedures 10 that remove barriers to the timely and effective execution of 11 approved community land trust projects. 12 Section 10. The Property Tax Code is amended by adding 13 Section 15-77 as follows: 14 (35 ILCS 200/15-77 new) 15 Sec. 15-77. Community land trusts. Beginning in taxable 16 year 2027, property that is owned by a non-profit community 17 land trust, as defined in the Community Land Trust Home 18 Ownership Act, and that is used exclusively for the creation 19 and maintenance of permanently affordable owner occupied 20 single-family or multifamily residences is exempt beginning 21 with the taxable year in which the property is acquired by the HB5777 - 2 - LRB104 21355 HLH 36255 b 1 community land trust and continuing through the taxable year 2 in which the property is sold to a homeowner. 3 Section 15. The Community Land Trust Home Ownership Act is 4 amended by changing Section 15 as follows: 5 (310 ILCS 130/15) 6 Sec. 15. Definitions. As used in this Act: 7 "501(c)(3) organization" means a nonprofit organization 8 that is exempt or qualified for exemption from taxation under 9 Section 501(c)(3) of the Internal Revenue Code of 1986. 10 "Community land trust" means a 501(c)(3) organization that 11 has as its primary purposes the creation and maintenance of 12 permanently affordable single-family or multifamily residences 13 subject to all of the following criteria: 14 (1) All single-family residences or multifamily 15 residences located on the land owned by the 501(c)(3) 16 organization or its wholly owned subsidiary must be 17 either: 18 (A) sold to a buyer who is qualified under the 19 community land trust's program rules and occupied as 20 the qualified buyer's primary residence; or 21 (B) rented to a person or persons whose household 22 income does not exceed the maximum allowable gross 23 household income, as determined by the community land 24 trust, for that dwelling or unit. HB5777 - 3 - LRB104 21355 HLH 36255 b 1 (2) Land that is owned by the 501(c)(3) organization 2 and that contains a single-family residence or multifamily 3 residence that is sold to a qualified buyer described in 4 subparagraph (A) of paragraph (1) shall be leased to the 5 qualified buyer for the buyer's convenient occupation and 6 use, subject to a ground lease with affordability 7 restrictions, for a renewable term of 99 years for the 8 purpose of maintaining dwellings or units that are 9 permanently affordable. 10 (3) In the case of dwellings or units that are part of 11 a condominium, cooperative, or other common interest 12 development and that are located on land that is owned by a 13 homeowners' association or a person other than the 14 community land trust, the condominium unit or interest 15 owned by the community land trust shall be sold to a 16 qualified buyer for the buyer's convenient occupation and 17 use, subject to a deed restriction or affordability 18 covenant that incorporates affordability restrictions for 19 a renewable term of at least 99 years and that is recorded 20 against the unit or interest for the purpose of 21 maintaining dwellings or units that are permanently 22 affordable. governed by a board of community land trusts 23 residents, community residents, and public representatives 24 that provide permanent or long-term affordability and 25 shared equity homeownership opportunities. 26 (Source: P.A. 104-370, eff. 8-15-25.) HB5777 - 4 - LRB104 21355 HLH 36255 b 1 Section 99. Effective date. This Act takes effect upon 2 becoming law. Footer Disclaimer This site is maintained for the Illinois General Assembly by the Legislative Information System, 705 Stratton Building, Springfield, Illinois 62706. Contact ILGA Webmaster ILGA.gov uses cookies to ensure you get the best experience on our website. By continuing to browse ILGA.gov you consent to our use of cookies. Read About Cookies ILGA.GOV 2026 ILGA.gov | All Rights Reserved | ADA | Disclaimers | Learn This site is maintained for the Illinois General Assembly by the Legislative Information System, 705 Stratton Building, Springfield, Illinois 62706. Contact ILGA Webmaster ILGA.gov uses cookies to ensure you get the best experience on our website. By continuing to browse ILGA.gov you consent to our use of cookies. Read About Cookies ILGA.GOV 2026 ILGA.gov | All Rights Reserved | ADA | Disclaimers | Learn