More than 5,000 members of Illinois REALTORS® have submitted emails to their state representatives in the last eight days, asking them to reject House Bill 2430. But even more members need to join in if the bill is to be stopped.
The bill will repeal the Rent Control Preemption Act of 1997. Although the intent of the bill is to create rent control in Chicago, repealing the act would by default make rent control an option for all home rule units in Illinois, not just Chicago. To join your colleagues and tell House members HB 2430 is a threat to private property rights, click here.
Rent control is widely discredited by many – if not most – economists and many housing advocates. Rent control is counterproductive, is very complicated to administer and would have many unintended consequences. For a summary of reasons why REALTORS® object to HB 2430, go here.
On March 6, Illinois REALTORS® initiated a Call for Action regarding the bill. In one day, about 1,800 members responded, and participation has continued since then.