Bill Text: IL HB3269 | 2025-2026 | 104th General Assembly | Introduced
Bill Title: Creates the Housing Equity, Affordability, and Development Act. Provides that the Department of Revenue shall collect a fee from landlords with more than 5 units in an amount equal to 5% of the difference between their monthly rental income for a unit and $1,200, unless the rental income for the unit is less than $1,200, to be paid into the Housing Equity, Affordability, and Development Fund. The Illinois Housing Development Authority shall create a program under the Act to assist in home purchases for households whose tenant payments to the landlord have been more than 30% of their income for a period of 12 calendar months, and whose income is less than 3.33 times the median rent for their metropolitan area; or if the household does not live in a metropolitan area, 3.33 times the median rent in the closest metropolitan area. Provides that assistance shall be limited to $15,000 per household.
Sponsorship: Partisan Bill (Democrat 9)
Status: (Introduced - Dead) 2026-04-17 - Rule 19(a) / Re-referred to Rules Committee [HB3269 Detail]
Download: Illinois-2025-HB3269-Introduced.html
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| 1 | AN ACT concerning housing.
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| 2 | Be it enacted by the People of the State of Illinois, | |||||||||||||||||||||
| 3 | represented in the General Assembly:
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| 4 | Section 1. Short title. This Act may be cited as the | |||||||||||||||||||||
| 5 | Housing Equity, Affordability, and Development Act.
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| 6 | Section 5. Definitions. | |||||||||||||||||||||
| 7 | "Tenant payments to the landlord" means the 3-month | |||||||||||||||||||||
| 8 | average of monthly costs paid by the tenant to the landlord or | |||||||||||||||||||||
| 9 | agents including transaction fees, required utility fees, | |||||||||||||||||||||
| 10 | required maintenance fees, and pet fees; and one-twelfth of | |||||||||||||||||||||
| 11 | any move-in fees, credit check fees, application fees, or | |||||||||||||||||||||
| 12 | other one-time fees that are applied to every tenant.
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| 13 | Section 10. Housing Equity, Affordability, and Development | |||||||||||||||||||||
| 14 | Fund fee. The Department of Revenue shall collect a fee from | |||||||||||||||||||||
| 15 | landlords with more than 5 units equal to 5% of the difference | |||||||||||||||||||||
| 16 | between their monthly rental income for a unit and $1,200, | |||||||||||||||||||||
| 17 | unless the rental income for the unit is less than $1,200, to | |||||||||||||||||||||
| 18 | be paid into the Housing Equity, Affordability, and | |||||||||||||||||||||
| 19 | Development Fund. The Department of Revenue may adopt rules to | |||||||||||||||||||||
| 20 | implement this Act.
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| 21 | Section 15. Housing Independence Program. The Illinois | |||||||||||||||||||||
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| 1 | Housing Development Authority shall create a program under | ||||||
| 2 | this Act to assist in home purchases for households whose | ||||||
| 3 | tenant payments to the landlord have been more than 30% of | ||||||
| 4 | their income for a period of 12 calendar months, and whose | ||||||
| 5 | income is less than 3.33 times the median rent for their | ||||||
| 6 | metropolitan area; or if the household does not live in a | ||||||
| 7 | metropolitan area, 3.33 times the median rent in the closest | ||||||
| 8 | metropolitan area. Assistance is limited to $15,000 per | ||||||
| 9 | household. The Illinois Housing Development Authority may | ||||||
| 10 | adopt rules to implement this Act.
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| 11 | Section 20. The State Finance Act is amended by adding | ||||||
| 12 | Section 5.1030 as follows:
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| 13 | (30 ILCS 105/5.1030 new) | ||||||
| 14 | Sec. 5.1030. The Housing Equity, Affordability, and | ||||||
| 15 | Development Fund. | ||||||
