Bill Amendment: IL SB3169 | 2025-2026 | 104th General Assembly

NOTE: For additional amemendments please see the Bill Drafting List

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Bill Title: REVENUE-AFFORDABLE HOUSING

Status: 2026-05-22 - Senate Committee Amendment No. 3 Rule 3-9(a) / Re-referred to Assignments [SB3169 Detail]

Download: Illinois-2025-SB3169-Senate_Amendment_001.html

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Sen. Graciela Guzm�n

Filed: 3/24/2026

 

 

 

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AMENDMENT TO SENATE BILL 3169
AMENDMENT NO. ______. Amend Senate Bill 3169 by replacing
everything after the enacting clause with the following:
"Section 3. The Illinois Housing Development Act is
amended by adding Section 32.5 as follows:
(20 ILCS 3805/32.5 new)
Sec. 32.5. Community land trust program support. The
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.
Section 5. The State Finance Act is amended by adding
Sections 5.1038 and 6z-149 as follows:
(30 ILCS 105/5.1038 new)

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Sec. 5.1038. The Community Land Trust Fund.
(30 ILCS 105/6z-149 new)
Sec. 6z-149. The Community Land Trust Fund; creation. The
Community Land Trust Fund is created as a special fund in the
State treasury. The Fund may accept moneys from any lawful
source. Any interest earned on moneys in the Fund shall be
deposited into the Fund. Moneys in the Fund shall be used by
the Illinois Housing Development Authority for development,
staffing, and capacity building and technical assistance
related to community land trusts in the State. As used in this
Section, "community land trust" has the meaning given to that
term in the Community Land Trust Home Ownership Act.
Section 10. The Hotel Operators' Occupation Tax Act is
amended by changing Sections 2, 3, and 6 as follows:
(35 ILCS 145/2) (from Ch. 120, par. 481b.32)
Sec. 2. Definitions. As used in this Act, unless the
context otherwise requires:
(1) "Hotel" means any building or buildings in which the
public may, for a consideration, obtain living quarters,
sleeping or housekeeping accommodations. The term includes,
but is not limited to, inns, motels, tourist homes or courts,
lodging houses, rooming houses and apartment houses, retreat
centers, conference centers, hunting lodges, and short-term

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rentals.
(2) "Operator" means any person engaged in the business of
renting, leasing, or letting rooms in a hotel.
(3) "Occupancy" means the use or possession, or the right
to the use or possession, of any room or rooms in a hotel for
any purpose, or the right to the use or possession of the
furnishings or to the services and accommodations accompanying
the use and possession of the room or rooms.
(4) "Room" or "rooms" means any living quarters, sleeping
or housekeeping accommodations.
(5) "Permanent resident" means any person who occupied or
has the right to occupy any room or rooms, regardless of
whether or not it is the same room or rooms, in a hotel for at
least 30 consecutive days.
(6) "Rent" or "rental" means the consideration received
for occupancy, valued in money, whether received in money or
otherwise, including all receipts, cash, credits, and property
or services of any kind or nature. "Rent" or "rental" includes
any fee, charge, or commission received from a guest by a
re-renter of hotel rooms specifically in connection with the
re-rental of hotel rooms.
(7) "Department" means the Department of Revenue.
(8) "Person" means any natural individual, firm,
partnership, association, joint stock company, joint
adventure, public or private corporation, limited liability
company, or a receiver, executor, trustee, guardian, or other

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representative appointed by order of any court.
(9) "Re-renter of hotel rooms" means a person who is not
employed by the hotel operator but who, either directly or
indirectly, through agreements or arrangements with third
parties, collects or processes the payment of rent for a hotel
room located in this State and (i) obtains the right or
authority to grant control of, access to, or occupancy of a
hotel room in this State to a guest of the hotel or (ii)
facilitates the booking of a hotel room located in this State.
A person who obtains those rights or authorities is not
considered a re-renter of a hotel room if the person operates
under a shared hotel brand with the operator.
(10) "Hosting platform" or "platform" means a person who
provides an online application, software, website, or system
through which a short-term rental located in this State is
advertised or held out to the public as available to rent for
occupancy. For purposes of this definition, "short-term
rental" means an owner-occupied, tenant-occupied, or
non-owner-occupied dwelling, including, but not limited to, an
apartment, house, cottage, or condominium, located in this
State, where: (i) at least one room in the dwelling is rented
to an occupant for a period of less than 30 consecutive days;
and (ii) all accommodations are reserved in advance; provided,
however, that a dwelling shall be considered a single room if
rented as such.
(11) "Shared hotel brand" means an identifying trademark

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that a hotel operator is expressly licensed to operate under
in accordance with the terms of a hotel franchise or
management agreement.
(12) "Short-term rental" means an owner-occupied,
tenant-occupied, or non-owner-occupied dwelling, including,
but not limited to, an apartment, house, cottage, or
condominium, located in this State, where: (i) at least one
room in the dwelling is rented to an occupant for a period of
less than 30 consecutive days; and (ii) all accommodations are
reserved in advance; provided, however, that a dwelling shall
be considered a single room if rented as such.
(Source: P.A. 103-592, eff. 7-1-24; 104-6, eff. 7-1-25;
104-417, eff. 8-15-25.)
(35 ILCS 145/3) (from Ch. 120, par. 481b.33)
Sec. 3. Rate; exemptions.
(a) A tax is imposed upon hotel operators at the rate of 5%
of 94% of the gross rental receipts from engaging in business
as a hotel operator, excluding, however, from gross rental
receipts, the proceeds of renting, leasing or letting hotel
rooms to permanent residents of a hotel and proceeds from the
tax imposed under subsection (c) of Section 13 of the
Metropolitan Pier and Exposition Authority Act.
(b) There shall be imposed an additional tax upon hotel
operators at the rate of 1% of 94% of the gross rental receipts
received by the hotel operator from engaging in business as a

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hotel operator, excluding, however, from gross rental
receipts, the proceeds of such renting, leasing or letting to
permanent residents of that hotel and proceeds from the tax
imposed under subsection (c) of Section 13 of the Metropolitan
Pier and Exposition Authority Act.
(b-5) Beginning on July 1, 2024, if the renting, leasing,
or letting of a hotel room is done through a re-renter of hotel
rooms, then, subject to the provisions of Sections 3-2 and
3-3, the re-renter is the hotel operator for the purposes of
the taxes under subsections (a), and (b), or (b-10). If the
re-renter is headquartered outside of this State and has no
presence in this State other than its business as a re-renter,
conducted remotely, then, subject to the provisions of
Sections 3-2 and 3-3, such re-renter is the hotel operator for
the purposes of the taxes under subsections (a) and (b) if it
meets one of the following thresholds:
(1) the cumulative gross receipts from rentals in
Illinois by the re-renter of hotel rooms are $100,000 or
more; or
(2) the re-renter of hotel rooms cumulatively enters
into 200 or more separate transactions for rentals in
Illinois.
A re-renter of hotel rooms who is headquartered outside of
this State and has no presence in this State other than its
business as a re-renter, conducted remotely, shall determine
on a quarterly basis, ending on the last day of March, June,

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September, and December, whether he or she meets the threshold
of either paragraph (1) or (2) of this subsection (b-5) for the
preceding 12-month period. If such re-renter of hotel rooms
meets the threshold of either paragraph (1) or (2) for a
12-month period, he or she is subject to tax under this Act and
is required to remit the tax imposed under this Act and file
returns for the 12-month period beginning on the first day of
the next month after he or she determines that he or she meets
the threshold of paragraph (1) or (2). At the end of that
12-month period, such re-renter of hotel rooms shall determine
whether he or she continued to meet the threshold of either
paragraph (1) or (2) during the preceding 12-month period. If
he or she met the threshold in either paragraph (1) or (2) for
the preceding 12-month period, he or she is a hotel operator in
this State and is required to remit the tax imposed under this
Act and file returns for the subsequent 12-month period. If,
at the end of a 12-month period during which such re-renter is
required to remit the tax imposed under this Act, the
re-renter determines that he or she did not meet the threshold
in either paragraph (1) or (2) during the preceding 12-month
period, he or she shall subsequently determine on a quarterly
basis, ending on the last day of March, June, September, and
December, whether he or she meets the threshold of either
paragraph (1) or (2) for the preceding 12-month period.
(b-10) On and after January 1, 2027, an additional tax is
imposed upon operators of short-term rentals. The tax under

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this subsection (b-10) is imposed at the rate of 4% of 94% of
the gross rental receipts from the renting, leasing, or
letting of short-term rentals in this State.
(c) No funds received pursuant to this Act shall be used to
advertise for or otherwise promote new competition in the
hotel business.
(d) However, such tax is not imposed upon the privilege of
engaging in any business in Interstate Commerce or otherwise,
which business may not, under the Constitution and Statutes of
the United States, be made the subject of taxation by this
State. In addition, the tax is not imposed upon gross rental
receipts for which the hotel operator is prohibited from
obtaining reimbursement for the tax from the customer by
reason of a federal treaty.
(d-5) On and after July 1, 2017, the tax imposed by this
Act shall not apply to gross rental receipts received by an
entity that is organized and operated exclusively for
religious purposes and possesses an active Exemption
Identification Number issued by the Department pursuant to the
Retailers' Occupation Tax Act when acting as a hotel operator
renting, leasing, or letting rooms:
(1) in furtherance of the purposes for which it is
organized; or
(2) to entities that (i) are organized and operated
exclusively for religious purposes, (ii) possess an active
Exemption Identification Number issued by the Department

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pursuant to the Retailers' Occupation Tax Act, and (iii)
rent the rooms in furtherance of the purposes for which
they are organized.
No gross rental receipts are exempt under paragraph (2) of
this subsection (d-5) unless the hotel operator obtains the
active Exemption Identification Number from the exclusively
religious entity to whom it is renting and maintains that
number in its books and records. Gross rental receipts from
all rentals other than those described in items (1) or (2) of
this subsection (d-5) are subject to the tax imposed by this
Act unless otherwise exempt under this Act.
This subsection (d-5) is exempt from the sunset provisions
of Section 3-5 of this Act.
(d-10) On and after July 1, 2023, the tax imposed by this
Act shall not apply to gross rental receipts received from the
renting, leasing, or letting of rooms to an entity that is
organized and operated exclusively by an organization
chartered by the United States Congress for the purpose of
providing disaster relief and that possesses an active
Exemption Identification Number issued by the Department
pursuant to the Retailers' Occupation Tax Act if the renting,
leasing, or letting of the rooms is in furtherance of the
purposes for which the exempt organization is organized. This
subsection (d-10) is exempt from the sunset provisions of
Section 3-5 of this Act.
(e) Persons subject to the tax imposed by this Act may

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reimburse themselves for their tax liability under this Act by
separately stating such tax as an additional charge, which
charge may be stated in combination, in a single amount, with
any tax imposed pursuant to Sections 8-3-13 and 8-3-14 of the
Illinois Municipal Code, and Section 25.05-10 of "An Act to
revise the law in relation to counties".
(f) If any hotel operator collects an amount (however
designated) which purports to reimburse such operator for
hotel operators' occupation tax liability measured by receipts
which are not subject to hotel operators' occupation tax, or
if any hotel operator, in collecting an amount (however
designated) which purports to reimburse such operator for
hotel operators' occupation tax liability measured by receipts
which are subject to tax under this Act, collects more from the
guest or re-renter than the operators' hotel operators'
occupation tax liability in the transaction is, the guest or
re-renter, as applicable, shall have a legal right to claim a
refund of such amount from such operator. However, if such
amount is not refunded to the guest or re-renter, as
applicable, for any reason, the hotel operator is liable to
pay such amount to the Department.
(Source: P.A. 103-9, eff. 6-7-23; 103-592, eff. 7-1-24.)
(35 ILCS 145/6) (from Ch. 120, par. 481b.36)
Sec. 6. Returns; allocation of proceeds.
(a) Except as provided hereinafter in this Section, on or

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before the last day of each calendar month, every person
engaged as a hotel operator in this State during the preceding
calendar month shall file a return with the Department,
stating:
1. the name of the operator;
2. the operator's his residence address and the
address of the operator's his principal place of business
and the address of the principal place of business (if
that is a different address) from which the operator he
engages in business as a hotel operator in this State
(including, if required by the Department, the address of
each hotel from which rental receipts were received);
3. the total amount of rental receipts received by the
operator him during the preceding calendar month from
engaging in business as a hotel operator during the such
preceding calendar month;
4. the total amount of rental receipts received by the
operator him during the preceding calendar month from
renting, leasing, or letting rooms to permanent residents
during the such preceding calendar month;
5. the total amount of rental receipts received by the
operator during the preceding calendar month from the
renting, leasing, or letting of short-term rentals during
the preceding calendar month;
6. the 5. total amount of other exclusions from gross
rental receipts allowed by this Act;

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7. the 6. gross rental receipts which were received by
the operator him during the preceding calendar month and
upon the basis of which the tax is imposed;
8. the 7. the amount of tax due;
9. the 8. credit for any reimbursement of tax paid by a
re-renter of hotel rooms to hotel operators for rentals
purchased for re-rental, as provided in Section 3-3 of
this Act;
10. 9. such other reasonable information as the
Department may require.
If the operator's average monthly tax liability to the
Department does not exceed $200, the Department may authorize
his returns to be filed on a quarter annual basis, with the
return for January, February and March of a given year being
due by April 30 of such year; with the return for April, May
and June of a given year being due by July 31 of such year;
with the return for July, August and September of a given year
being due by October 31 of such year, and with the return for
October, November and December of a given year being due by
January 31 of the following year.
If the operator's average monthly tax liability to the
Department does not exceed $50, the Department may authorize
his returns to be filed on an annual basis, with the return for
a given year being due by January 31 of the following year.
Such quarter annual and annual returns, as to form and
substance, shall be subject to the same requirements as

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monthly returns.
Notwithstanding any other provision in this Act concerning
the time within which an operator may file his return, in the
case of any operator who ceases to engage in a kind of business
which makes him responsible for filing returns under this Act,
such operator shall file a final return under this Act with the
Department not more than one month after discontinuing such
business.
Where the same person has more than one business
registered with the Department under separate registrations
under this Act, such person shall not file each return that is
due as a single return covering all such registered
businesses, but shall file separate returns for each such
registered business.
In his return, the operator shall determine the value of
any consideration other than money received by him in
connection with engaging in business as a hotel operator and
he shall include such value in his return. Such determination
shall be subject to review and revision by the Department in
the manner hereinafter provided for the correction of returns.
Where the operator is a corporation, the return filed on
behalf of such corporation shall be signed by the president,
vice-president, secretary or treasurer or by the properly
accredited agent of such corporation.
The person filing the return herein provided for shall, at
the time of filing such return, pay to the Department the

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amount of tax herein imposed. The operator filing the return
under this Section shall, at the time of filing such return,
pay to the Department the amount of tax imposed by this Act
less a discount of 2.1% or $25 per calendar year, whichever is
greater, which is allowed to reimburse the operator for the
expenses incurred in keeping records, preparing and filing
returns, remitting the tax and supplying data to the
Department on request.
If any payment provided for in this Section exceeds the
operator's liabilities under this Act, as shown on an original
return, the Department may authorize the operator to credit
such excess payment against liability subsequently to be
remitted to the Department under this Act, in accordance with
reasonable rules adopted by the Department. If the Department
subsequently determines that all or any part of the credit
taken was not actually due to the operator, the operator's
discount shall be reduced by an amount equal to the difference
between the discount as applied to the credit taken and that
actually due, and that operator shall be liable for penalties
and interest on such difference.
(b) Until July 1, 2024, the Department shall deposit the
total net revenue realized from the tax imposed under this Act
as provided in this subsection (b). Beginning on July 1, 2024,
the Department shall deposit the total net revenue realized
from the tax imposed under this Act as provided in subsection
(c).

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There shall be deposited into the Build Illinois Fund in
the State treasury for each State fiscal year 40% of the amount
of total net revenue from the tax imposed by subsection (a) of
Section 3. Of the remaining 60%: (i) $5,000,000 shall be
deposited into the Illinois Sports Facilities Fund and
credited to the Subsidy Account each fiscal year by making
monthly deposits in the amount of 1/8 of $5,000,000 plus
cumulative deficiencies in such deposits for prior months, and
(ii) an amount equal to the then applicable Advance Amount, as
defined in subsection (d), shall be deposited into the
Illinois Sports Facilities Fund and credited to the Advance
Account each fiscal year by making monthly deposits in the
amount of 1/8 of the then applicable Advance Amount plus any
cumulative deficiencies in such deposits for prior months.
(The deposits of the then applicable Advance Amount during
each fiscal year shall be treated as advances of funds to the
Illinois Sports Facilities Authority for its corporate
purposes to the extent paid to the Authority or its trustee and
shall be repaid into the General Revenue Fund in the State
treasury by the State Treasurer on behalf of the Authority
pursuant to Section 19 of the Illinois Sports Facilities
Authority Act, as amended. If in any fiscal year the full
amount of the then applicable Advance Amount is not repaid
into the General Revenue Fund, then the deficiency shall be
paid from the amount in the Local Government Distributive Fund
that would otherwise be allocated to the City of Chicago under

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the State Revenue Sharing Act.)
Of the remaining 60% of the amount of total net revenue
beginning on August 1, 2011 through June 30, 2023, from the tax
imposed by subsection (a) of Section 3 after all required
deposits into the Illinois Sports Facilities Fund, an amount
equal to 8% of the net revenue realized from this Act during
the preceding month shall be deposited as follows: 18% of such
amount shall be deposited into the Chicago Travel Industry
Promotion Fund for the purposes described in subsection (n) of
Section 5 of the Metropolitan Pier and Exposition Authority
Act and the remaining 82% of such amount shall be deposited
into the Local Tourism Fund each month for purposes authorized
by Section 605-705 of the Department of Commerce and Economic
Opportunity Law. Beginning on August 1, 2011 and through June
30, 2023, an amount equal to 4.5% of the net revenue realized
from this Act during the preceding month shall be deposited as
follows: 55% of such amount shall be deposited into the
Chicago Travel Industry Promotion Fund for the purposes
described in subsection (n) of Section 5 of the Metropolitan
Pier and Exposition Authority Act and the remaining 45% of
such amount deposited into the International Tourism Fund for
the purposes authorized in Section 605-707 of the Department
of Commerce and Economic Opportunity Law.
Beginning on July 1, 2023 and until July 1, 2024, of the
remaining 60% of the amount of total net revenue realized from
the tax imposed under subsection (a) of Section 3, after all

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required deposits into the Illinois Sports Facilities Fund:
(1) an amount equal to 8% of the net revenue realized
under this Act for the preceding month shall be deposited
as follows: 82% to the Local Tourism Fund and 18% to the
Chicago Travel Industry Promotion Fund; and
(2) an amount equal to 4.5% of the net revenue
realized under this Act for the preceding month shall be
deposited as follows: 55% to the Chicago Travel Industry
Promotion Fund and 45% to the International Tourism Fund.
After making all these deposits, any remaining net revenue
realized from the tax imposed under subsection (a) of Section
3 shall be deposited into the Tourism Promotion Fund in the
State treasury. All moneys received by the Department from the
additional tax imposed under subsection (b) of Section 3 shall
be deposited into the Build Illinois Fund in the State
treasury.
(c) Beginning on July 1, 2024, except as provided in
subsection (c-5), the total net revenue realized from the tax
imposed under this Act for the preceding month shall be
deposited each month as follows:
(1) 50% shall be deposited into the Build Illinois
Fund; and
(2) the remaining 50% shall be deposited in the
following order of priority:
(A) First:
(i) $5,000,000 shall be deposited into the

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Illinois Sports Facilities Fund and credited to
the Subsidy Account each fiscal year by making
monthly deposits in the amount of one-eighth of
$5,000,000 plus cumulative deficiencies in those
deposits for prior months; and
(ii) an amount equal to the then applicable
Advance Amount, as defined in subsection (d),
shall be deposited into the Illinois Sports
Facilities Fund and credited to the Advance
Account each fiscal year by making monthly
deposits in the amount of one-eighth of the then
applicable Advance Amount plus any cumulative
deficiencies in such deposits for prior months;
the deposits of the then applicable Advance Amount
during each fiscal year shall be treated as
advances of funds to the Illinois Sports
Facilities Authority for its corporate purposes to
the extent paid to the Illinois Sports Facilities
Authority or its trustee and shall be repaid into
the General Revenue Fund in the State treasury by
the State Treasurer on behalf of the Authority
pursuant to Section 19 of the Illinois Sports
Facilities Authority Act; if, in any fiscal year,
the full amount of the Advance Amount is not
repaid into the General Revenue Fund, then the
deficiency shall be paid from the amount in the

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Local Government Distributive Fund that would
otherwise be allocated to the City of Chicago
under the State Revenue Sharing Act; and
(B) after all required deposits into the Illinois
Sports Facilities Fund under paragraph (A) have been
made each month, the remainder shall be deposited as
follows:
(i) 56% into the Tourism Promotion Fund;
(ii) 23% into the Local Tourism Fund;
(iii) 14% into the Chicago Travel Industry
Promotion Fund; and
(iv) 7% into the International Tourism Fund.
(c-5) Notwithstanding any other provision of law, 100% of
the proceeds received from the tax imposed on hosting
platforms under subsection (b-10) of Section 3 shall be
deposited into the Illinois Community Land Trust Fund.
(d) As used in subsections (b) and (c):
"Advance Amount" means, for fiscal year 2002, $22,179,000,
and for subsequent fiscal years through fiscal year 2033,
105.615% of the Advance Amount for the immediately preceding
fiscal year, rounded up to the nearest $1,000.
"Net revenue realized" means the revenue collected by the
State under this Act less the amount paid out as refunds to
taxpayers for overpayment of liability under this Act.
(e) The Department may, upon separate written notice to a
taxpayer, require the taxpayer to prepare and file with the

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Department on a form prescribed by the Department within not
less than 60 days after receipt of the notice an annual
information return for the tax year specified in the notice.
Such annual return to the Department shall include a statement
of gross receipts as shown by the operator's last State income
tax return. If the total receipts of the business as reported
in the State income tax return do not agree with the gross
receipts reported to the Department for the same period, the
operator shall attach to his annual information return a
schedule showing a reconciliation of the 2 amounts and the
reasons for the difference. The operator's annual information
return to the Department shall also disclose payroll
information of the operator's business during the year covered
by such return and any additional reasonable information which
the Department deems would be helpful in determining the
accuracy of the monthly, quarterly or annual tax returns by
such operator as hereinbefore provided for in this Section.
If the annual information return required by this Section
is not filed when and as required the taxpayer shall be liable
for a penalty in an amount determined in accordance with
Section 3-4 of the Uniform Penalty and Interest Act until such
return is filed as required, the penalty to be assessed and
collected in the same manner as any other penalty provided for
in this Act.
The chief executive officer, proprietor, owner or highest
ranking manager shall sign the annual return to certify the

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accuracy of the information contained therein. Any person who
willfully signs the annual return containing false or
inaccurate information shall be guilty of perjury and punished
accordingly. The annual return form prescribed by the
Department shall include a warning that the person signing the
return may be liable for perjury.
The foregoing portion of this Section concerning the
filing of an annual information return shall not apply to an
operator who is not required to file an income tax return with
the United States Government.
(Source: P.A. 103-8, eff. 6-7-23; 103-592, eff. 7-1-24;
103-642, eff. 7-1-24; 104-417, eff. 8-15-25.)
Section 15. The Property Tax Code is amended by adding
Section 15-77 as follows:
(35 ILCS 200/15-77 new)
Sec. 15-77. Community land trusts. Beginning in taxable
year 2027, 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.

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Section 20. The Community Land Trust Home Ownership Act is
amended by changing Section 15 as follows:
(310 ILCS 130/15)
Sec. 15. Definitions. As used in this Act:
"501(c)(3) organization" means a nonprofit organization
that is exempt or qualified for exemption from taxation under
Section 501(c)(3) of the Internal Revenue Code of 1986.
"Community land trust" means a 501(c)(3) organization that
has as its primary purposes the creation and maintenance of
permanently affordable single-family or multifamily residences
subject to all of the following criteria:
(1) All single-family residences or multifamily
residences located on the land owned by the 501(c)(3)
organization or its wholly owned subsidiary must be
either:
(A) sold to a buyer who is qualified under the
community land trust's program rules and occupied as
the qualified buyer's primary residence; or
(B) rented to a person or persons whose household
income does not exceed the maximum allowable gross
household income, as determined by the community land
trust, for that dwelling or unit.
(2) Land that is owned by the 501(c)(3) organization
and that contains a single-family residence or multifamily

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residence that is sold to a qualified buyer described in
subparagraph (A) of paragraph (1) shall be leased to the
qualified buyer for the buyer's convenient occupation and
use, subject to a ground lease with affordability
restrictions, for a renewable term of 99 years for the
purpose of maintaining dwellings or units that are
permanently affordable.
(3) In the case of dwellings or units that are part of
a condominium, cooperative, or other common interest
development and that are located on land that is owned by a
homeowners' association or a person other than the
community land trust, the condominium unit or interest
owned by the community land trust shall be sold to a
qualified buyer for the buyer's convenient occupation and
use, subject to a deed restriction or affordability
covenant that incorporates affordability restrictions for
a renewable term of at least 99 years and that is recorded
against the unit or interest for the purpose of
maintaining dwellings or units that are permanently
affordable. governed by a board of community land trusts
residents, community residents, and public representatives
that provide permanent or long-term affordability and
shared equity homeownership opportunities.
(Source: P.A. 104-370, eff. 8-15-25.)
Section 99. Effective date. This Act takes effect upon

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becoming law.".