Illinois HB 5745: COMPT-DEBT OBLIGATION PAYMENTS

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104TH GENERAL ASSEMBLY 
State of Illinois 
2025 and 2026
HB5745

Introduced 4/15/2026, by Rep. Justin Slaughter 

SYNOPSIS AS INTRODUCED:

 Appropriates the sum of $7,500,000 from the General Revenue Fund to the Department of Commerce and Economic Opportunity for a grant to Community Desk Chicago to support commercial real estate projects collectively owned by local residents and small businesses through a shared ownership model. Effective July 1, 2026. 

LRB104 21213 HLH 35746 b

HB5745LRB104 21213 HLH 35746 b

1 AN ACT concerning appropriations.

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

3represented in the General Assembly:

4 Section 5. The amount of $7,500,000, or so much of that 

5amount as may be necessary, is appropriated from the General 

6Revenue Fund to the Department of Commerce and Economic 

7Opportunity for a grant to Community Desk Chicago to support 

8commercial real estate projects collectively owned by local 

9residents and small businesses through a shared ownership 

10model. The amounts appropriated under this Section shall be 

11allocated as follows: $5,000,000 to purchase and develop 

12commercial real estate projects and $2,500,000 to assist with 

13technical and business support services for these projects and 

14small businesses opening and operating at the project sites.

15 Section 99. Effective date. This Act takes effect July 1, 

162026.

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