“We recognize that advocates are not going to back away from this issue, so we’re continuing our efforts to educate the general public about why rent control is not the right answer,” Michael Mini of the Chicagoland Apartment Association said in an article appearing in Chicago’s The Real Deal. “This is an issue of supply, and we’re trying to advocate policies that create more market-rate and affordable housing.”
Rent control legislation introduced in the Illinois state legislature this year may have been defeated, but many are warning that the issue won’t wind down anytime soon. Real estate advocates supported an alternative to rent control that would have boosted the state’s capital budget by $200 million to fund construction of more affordable housing, as well as a bill that would have allocated more money to rental assistance and incentives for construction of affordable housing.
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