Illinois HB 3269: HOUSING EQUITY-AFFORDABILITY

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 Full Text of HB3269

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104TH GENERAL ASSEMBLY 
State of Illinois 
2025 and 2026
HB3269

Introduced 2/18/2025, by Rep. Camille Y. Lilly 

SYNOPSIS AS INTRODUCED:

New Act

30 ILCS 105/5.1030 new

 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.

LRB104 11069 JRC 21151 b

A BILL FOR

HB3269LRB104 11069 JRC 21151 b

1 AN ACT concerning housing.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 1. Short title. This Act may be cited as the 

5Housing Equity, Affordability, and Development Act.

6 Section 5. Definitions. 

7 "Tenant payments to the landlord" means the 3-month 

8average of monthly costs paid by the tenant to the landlord or 

9agents including transaction fees, required utility fees, 

10required maintenance fees, and pet fees; and one-twelfth of 

11any move-in fees, credit check fees, application fees, or 

12other one-time fees that are applie