Would you let your children determine how much allowance they get? Would Apple let you choose your price for a flashy new iphone? No? Well, if the Illinois State Senators (Mattie Hunter – Patricia Van Pelt – Jacqueline Y. Collins, Kimberly A. Lightford, Martin A. Sandoval, Daniel Biss, Kwame Raoul, Antonio Muñoz and Omar Aquino) behind a plan (known as SB3512) to impose state-wide rent control get their way, they’ll be giving tenants the power to set rents.
As I mentioned a few days back, there was a meeting in downtown Chicago of the Illinois Special Senate Committee on Housing to discuss rent control legislation. So what happened? Predictable things happened. Community organizers and tenants’ rights advocates filled the room with folks with yellow signs demanding rent control. Landlord and real estate agent activists spoke about the perils of rent control. You can read all about it in an article published in Crain’s Chicago Business.
If you read this blog, you are certainly aware of the “Good Cause for Eviction” ordinance championed by first ward Alderman Proco Joe Moreno in May earlier this year. Landlords came out in force and Alderman Moreno’s office decided not to introduce the ordinance and instead was going to put together a task force to look at the issues he was proposing. Now, not more than three months later, it looks like he is ready to propose an amendment to the CRLTO that was contained in the Good Cause for Eviction ordinance.
The Illinois legislature adjourned its Spring Session on May 31, 2018. Of note was the fact that the body did not vote to pass a number of bills seeking to remove the current statutory state-wide prohibition on rent control. This is good news for landlords… for now. There is word though that organizations representing landlords … Read more