Lightfoot’s eviction bill would force landlords to negotiate with tenants

Several council members have said they think ordinance tilts too far in favor of tenants

TRD CHICAGO /
Jun.June 16, 2020 12:00 PM
Lori Lightfoot (Credit: KAMIL KRZACZYNSKI/AFP via Getty Images)

Lori Lightfoot (Credit: KAMIL KRZACZYNSKI/AFP via Getty Images)

Landlords aren’t going to like this one. The City Council’s Housing Committee approved an ordinance that gives tenants more time to strike a deal with their landlords if they’ve been hit hard financially by Covid-19, according to Crain’s.

The City Council will vote on the ordinance on Wednesday, a measure that some council members believe overly favors tenants.

As part of a five-day eviction notice for nonpayment, landlords would have to inform tenants that they could file a notice saying they can’t pay rent because of the pandemic, which begins a seven-day cooling period, according to Crain’s. Afterward, landlords must make a good-faith effort to work out a plan with the tenant, which could include a payment plan, mediation or a move out in exchange for waived rent. Landlords couldn’t reject payments from third-party sources, and they couldn’t request information on savings or noncash possessions.

According to Crain’s, there are aldermen who want Mayor Lori Lightfoot’s measure to exempt landlords with six or fewer units, while others expressed concern that the lack of direct government intervention would lead to large-scale evictions.

“We are trying to provide protections for tenants, many of whom are struggling to pay rent, and we are trying to thoughtfully and respectfully provide a solution that addresses the challenge that landlords find themselves in as well,” said Housing Commissioner Marisa Novara, according to Crain’s, adding that the federal government hasn’t provided enough support.

Lightfoot’s proposal has the support of multiple community organizations, including the Urban League, the Metropolitan Planning Council, the Logan Square Neighborhood Association, Bickerdike Redevelopment Corporation and the Resurrection Project. [Crain’s]James Kleimann


Related Articles

arrow_forward_ios
Suburban new home purchases surged in the second quarter, propelled by record-low mortgage rates and the need for more space amid the pandemic. (iStock)

Chicago suburbs see surge in new home sales

Chicago suburbs see surge in new home sales
Vista Property principal Hymie Mishan, whose company is betting on the West Loop office market. (Images via Vista Property)

Vista Property plans 15-story office building in West Loop

Vista Property plans 15-story office building in West Loop
Chicago will direct $33 million to help renters and homeowners avoid eviction and foreclosure (iStock)

Chicago ups ante to help residents avoid eviction, foreclosure

Chicago ups ante to help residents avoid eviction, foreclosure
The former Target in Calumet City will be converted into a working farm (Google Maps)

For latest retail redevelopment, old Target will become new farm

For latest retail redevelopment, old Target will become new farm
(iStock)

Chicago’s office market hits ugly vacancy number

Chicago’s office market hits ugly vacancy number
The Chicago area is one of the most at-risk nationwide to rising home foreclosure rates, according to a recent report (iStock)

Treading water: Chicago housing market among most at-risk to foreclosure, report shows

Treading water: Chicago housing market among most at-risk to foreclosure, report shows
One Bennett Park’s Lawn Bowl, Optima Signature, and JeffJack Apartments

Privacy is the newest amenity

Privacy is the newest amenity
CCC Information Services’ CEO Githesh Ramamurthy and 167 North Green Street in Fulton Market. (Ramamurthy courtesy McKinsey & Company; 167GreenSt)

Corona cut: Software products firm trims lease space at Shapack’s 167 N. Green

Corona cut: Software products firm trims lease space at Shapack’s 167 N. Green
arrow_forward_ios

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

Loading...