Gillespie measure to extend planning for reasonably priced housing passes Senate

SPRINGFIELD — Constructing on her dedication to creating long-term options for reasonably priced housing shortages throughout the state, State Senator Ann Gillespie handed laws within the Illinois Senate that may require extra communities to have plans in place to satisfy the wants of low- to moderate-income households.

“An absence of entry to reasonably priced dwelling areas is a problem we should proceed to deal with,” mentioned Gillespie (D-Arlington Heights). “There’s extra to be finished to verify households, together with our most susceptible, don’t discover themselves priced out of the world wherein they reside.”

Beneath the Illinois Reasonably priced Housing Planning and Enchantment Act, native governments are exempt if a minimum of 10% of their housing inventory consists of reasonably priced housing. This designation leads to about 46 of Illinois’ 1,298 municipalities being lined by the act, which requires a plan detailing the whole variety of reasonably priced housing items out there and meant steps to ramp up choices to satisfy demand.

Senate Invoice 1476 would broaden the non-exempt pool of native governments from these with 10% of reasonably priced housing to these with 15%, growing the variety of governments required to submit plans. This measure additionally strengthens the necessities of reasonably priced housing plans, offering that they have to set forth sure benchmarks for brand new reasonably priced housing developments and proposed timelines, together with a abstract of actions taken to implement the plan.

“The Reasonably priced Housing Planning and Enchantment Act is designed to encourage counties and municipalities to plan for and incorporate sufficient reasonably priced housing to satisfy the wants of their residents,” mentioned Gillespie. “These modifications will be sure that areas that should not have a adequate provide of reasonably priced properties or rental items will take concrete steps to resolve these housing shortages, with particular timelines and benchmarks in place to satisfy these targets.”

Senate Invoice 1476 handed the Senate on Thursday and awaits consideration within the Home.