Rauner, Pritzker Take Different Sides on Rent Control Issue
The outcome of the Illinois governor’s race has strong implications for apartment developers and owners in Chicago, and elsewhere in the state. That’s because incumbent Gov. Bruce Rauner and the Democratic contender, J.B. Pritzker, have differing views on the question of whether Illinois municipalities should be able to impose rent control.
Rauner has said he wouldn’t make any changes to the current law, which prohibits communities from adopting across-the-board limits on apartment rents. Although referenda endorsing rent control have been put on the ballots in a few Chicago wards, they won’t be binding if Rauner wins re-election.
However, Pritzker said in a statement that he supports repealing the statewide ban on rent control. “We should empower local elected officials and stakeholders to address their community’s housing needs, ensuring every Illinois family has access to affordable housing and the opportunity to build a better life,” said Pritzker.
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