House Bill 116 (Guzzardi) is a piece of radical legislation being considered by the Illinois House of Representatives. HB 116 would repeal the Rent Control Preemption Act, which prohibits local governments from enacting Rent Control and could be called for a vote as early as next week.
HB 116 would allow municipalities and counties to establish Rent Control.
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Make the REALTOR® Voice Heard – No Rent Control!
Make no mistake – this bill affects YOU wherever you may practice.
The proponents are working this bill HARD – so let’s get after it!
HB 116 creates the path for direct government control of housing across Illinois.
By repealing the preemption, Government would set price controls on rental housing.
Allowing Rent Control will harm tenants, homeowners and causes significant damage to Illinois’ housing market.
RENT CONTROL WILL:
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 has been widely discredited by economists and housing advocates. Rent Control is destructive and counterproductive and will cause irreparable damage to Illinois’ economy and make housing supply problems even more difficult to solve.
PLEASE CLICK ON "SEND A MESSAGE BUTTON" TO ASK YOUR REPRESENTATIVE TO VOTE "NO" ON HB 116!