Important Call For Action - 3 House Bills on Rent Control
Three pieces of legislation that would repeal the Rent Control Preemption Act (a 1997 Illinois REALTORS® initiative which prohibits local governments from enacting Rent Control) are scheduled for a hearing in the House Judiciary - Civil Law Committee on Wednesday, March 20.
- House Bill 255 (Guzzardi) would repeal the Rent Control Preemption Act, and would allow municipalities and counties to establish Rent Control.
- House Bill 2192 (Flowers) goes farther. It would repeal the Rent Control Preemption Act AND create a massive new bureaucracy including the creation of 6 regional Rent Control boards to mandate Rent Control statewide.
- House Bill 3207 (Ortiz) goes even farther. It would repeal the Rent Control Preemption Act AND create a even more massive new bureaucracy including the creation of Rent Control boards in each of Illinois' 102 counties.
We need to make sure the voice of Illinois REALTORS® is heard LOUD and CLEAR on this legislation!
By repealing the preemption, any of these bills would either allow or require Rent Control statewide.
At first glance, Rent Control appears to be a quick fix to provide “instant housing affordability.” But a closer examination shows there are many negative unintended consequences which can result in a significant reduction of affordable rental housing, and many other problems.
Allowing rent control to be enacted would do the opposite of what it intends.
RENT CONTROL WOULD:
House Bill 2192 (Flowers)
- Decrease the supply of affordable housing, now and in the future;
- Increase rents for non-controlled rental units;
- Deflate property values;
- Increase property taxes on homeowners, including condo owners.
Rent control is widely discredited by most economists and housing advocates. Rent Control is destructive and counterproductive and is complicated and expensive to administer.
PLEASE CLICK ON "SEND A MESSAGE BUTTON" TO ASK YOUR REPRESENTATIVE TO VOTE "NO" ON HB 255, HB 2192, and HB 3207!