Rent control push suffers setback
in Springfield

An Illinois House panel voted down a plan to lift state ban on rent control, but the issue isn’t dead yet

TRD CHICAGO /
Mar.March 28, 2019 09:00 AM

Rep. Will Guzzardi and the Illinois State Capital (Credit: iStock)

An Illinois House panel voted down a plan to lift the state’s ban on rent control, but the issue isn’t dead yet.

A subcommittee of the House Judiciary-Civil Committee voted 4-2 Wednesday against state Rep. Will Guzzardi’s bill to lift the state’s 22-year-old ban on rent control, according to Crain’s.

But the Chicago Democrat’s bill is only one of several introduced in recent years. Another pending bill from state Rep. Mary Flowers, also a Chicago Democrat, would end the ban, create regional elected rent control boards and impose a new “rent control registration fee” on landlords.

Realtor groups and other real estate industry organizations have mounted strong opposition to the efforts to lift the rent control ban, calling Flowers’ plan in particular “a disaster.”

Michael Mini, executive vice president of the Chicagoland Apartment Association and a leader of a coalition that includes building trades unions, praised the defeat of Guzzardi’s bill. It would, he said, “make the goal of providing additional affordable housing less attainable because it would reduce the supply and quality of rental units to select from.”

The movement to lift the ban has gained momentum in the last couple of years, spurred in part by soaring rents in some of Chicago’s hottest neighborhoods, including some in Guzzardi’s district.

The two women vying to become Chicago’s next mayor on Tuesday have come out on opposite sides of the issue: Toni Preckwinkle says she supports lifting the ban on rent control, while Lori Lightfoot opposes it. [Crain’s] — John O’Brien


Related Articles

arrow_forward_ios
Brian Whiting, CEO of Telos Group, and the Old Post Office (Credit: Google Maps)

Lonely at the top: 601W Cos. opens Old Post Office rooftop park in WFH world

Lonely at the top: 601W Cos. opens Old Post Office rooftop park in WFH world
Cars.com CEO Alex Vetter and the building (Credit: Google Maps)

Cars.com wants to shrink its space at West Loop HQ

Cars.com wants to shrink its space at West Loop HQ
Thor Equities’ Joseph Sitt and Palmer House Hilton at 17 East Monroe Street (Google Maps)

Thor’s Palmer House hit with $300M+ foreclosure suit

Thor’s Palmer House hit with $300M+ foreclosure suit
Cook County Assessor Fritz Kaegi and downtown Evanston

Cook County landlords get bad news about 2020 taxes

Cook County landlords get bad news about 2020 taxes
Joe Sitt and 905 W. Fulton Market (Credit: Thor Equities)

Thor Equities’ big bet on Fulton Market is paying off

Thor Equities’ big bet on Fulton Market is paying off
Ald. Walter Burnett (27th)

Alderman Burnett to lift ban on resi development in Fulton Market

Alderman Burnett to lift ban on resi development in Fulton Market
Governor of Illinois J. B. Pritzker (Credit: Joshua Lott/Getty Images)

As May approaches, Chicago renters are desperate for relief

As May approaches, Chicago renters are desperate for relief
Amazon CEO Jeff Bezos with 4306 120th Ave. in Kenosha and 23700 W. Bluff Road in Channahon (Credit: Getty Images; Google Maps)

Amazon is at it again in Chicago

Amazon is at it again in Chicago
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...