More Illinois REALTORS® need to voice their displeasure with House Bill 2430 so the proposal is stopped in committee or defeated by a vote.
Since March 6, more than 5,200 Illinois REALTORS® have said “no” to HB 2430 through the association’s Call for Action. The bill will repeal the Rent Control Preemption Act of 1997. Although its intent 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.