The purpose of this Act is to ensure access to affordable housing loan products, grants, and other types of assistance for buyers and owners of housing located in a community land trust or other leasehold ownership structure with a ground lease between the buyer or owner and a 501(c)(3) organization.
310 ILCS 130/5
Purpose
Known as the Community Land Trust Home Ownership Act
The act spans §§ 310–310 (13 sections).
P.A. 104-370, eff. 8-15-25.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.