Purpose

310 ILCS 130/5
in effect
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(310 ILCS 130/5) Sec. 5. Purpose. 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. (Source: P.A. 104-370, eff. 8-15-25.)
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.ilga.gov/legislation/ilcs/ilcs.aspFetched: 10/17/2026

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