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Illinois Rent Control Bill Stalls in Committee
A bill to overturn Illinois’ statewide ban on rent control has stalled in committee, possibly killing it for the remainder of the legislative session, according to published reports. House Bill 255 would have repealed a 1997 state law known as the Rent Control Preemption Act, and would have given municipalities the power to enact their own policies.
The Herald&Review reported that business groups representing the real estate community, along with labor unions and the Illinois Chamber of Commerce, opposed the measure, saying it was the wrong way to deal with affordable housing shortages in Illinois.
“The only way to solve the affordability issue is to increase supply of housing,” Michael Mini of the Chicagoland Apartment Association told the committee. “The overwhelming evidence suggests rent control actually reduces the quality and quantity of rental housing. Policy experts and economists almost unanimously oppose it as a means to address affordability.”
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