The Manhattan Institute’s Howard Husock explains why rent control failed in New York, and why it’s destined to fail if adopted in Chicago.
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.
DePaul University’s Institute for Housing Studies is out with a new report that shows that a loss of affordable rental units is a growing challenge throughout the city. Blaire Kamin, columnist for the Chicago Tribune, weighs in on what the report and the complexities facing city’s mayor-elect Lori Lightfoot.
In an op-ed for Crain’s Chicago Business, Jack Markowski, chairman of the Preservation Compact, and Bob Palmer, policy director of Housing Action Illinois, weigh in on how the General Assembly can tackle affordable rental housing in Illinois.
Doug Imber, president of Essex Realty Group and director of the Rogers Park Builders Group, pushes back against shortsighted rent control proposals in the legislature.
Lawmakers in Illinois are pushing to repeal the state’s decades-old ban on rent control. HB 2192, sponsored by State Rep. Will Guzzardi (D-39), would replace the ban with six regional rent control agencies.