{"id":2912,"date":"2021-04-13T13:10:36","date_gmt":"2021-04-13T13:10:36","guid":{"rendered":"https:\/\/apartmentsourcechicago.com\/blog\/?p=2912"},"modified":"2021-04-13T16:23:12","modified_gmt":"2021-04-13T16:23:12","slug":"rent-control-moratorium","status":"publish","type":"post","link":"https:\/\/apartmentsource.com\/blog\/rent-control-moratorium\/","title":{"rendered":"Rent Control Is Back In Chicago"},"content":{"rendered":"<p>Affordable Housing is a real issue in the Chicagoland area that needs real solutions.<\/p>\n<p>Unfortunately, short-sighted proposals like Rent Control are repeatedly brought to the table as the answer. HB 116 is now proposed to repeal the rent control moratorium\u00a0in Illinois and allow local municipalities to enact rent control. Make no mistake, if this passes at the state level, Chicago would very quickly adopt rent control.<\/p>\n<p>While many supporters believe it is a good way to limit the cost of rental housing, history shows that rent control does not actually accomplish the goal it\u00a0sets out to achieve. Rent control makes housing as a whole cost more. It decreases the supply of affordable housing, pushing up pricing on non-controlled units, cuts into maintenance and renovation budgets, decreases property values and ultimately increases taxes on property owners. This reduces the incentive to own and maintain property to higher standards. There are also studies that show rent control increases segregation within cities, which undermines\u00a0years of progress on diversity and fair housing. While affordable housing should be a top priority for all of us, rent control is not the solution.<\/p>\n<p>Please take the time to reach out to your local reps about House Bill 116. Sign the petition for rent control\u00a0<a href=\"https:\/\/www.votervoice.net\/ILRealtors\/Campaigns\/82455\/Respond\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/www.votervoice.net\/ILRealtors\/Campaigns\/82455\/Respond&amp;source=gmail&amp;ust=1618412961413000&amp;usg=AFQjCNHOWCrWM_Ola31Bcxhsw_sdUfsCzw\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Affordable Housing is a real issue in the Chicagoland area that needs real solutions. Unfortunately, short-sighted proposals like Rent Control are repeatedly brought to the table as the answer. HB 116 is now proposed to repeal the rent control moratorium\u00a0in Illinois and allow local municipalities to enact rent control. Make no mistake, if this passes at the state level, Chicago would very quickly adopt rent control. While many supporters believe it is a good way to limit the cost of rental housing, history shows that rent control does not actually accomplish the goal it\u00a0sets out to achieve. Rent control makes [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[144],"tags":[149,146,168,166,150,153,156,162,160,159,161],"class_list":["post-2912","post","type-post","status-publish","format-standard","hentry","category-chicago-rental-market","tag-chicago","tag-chicagorealestate","tag-chicagorealtors","tag-chicagoupdates","tag-windycity","tag-chicagoapartments","tag-chicagolandlords","tag-chicagorentalmarket","tag-chicagorentals","tag-investingchicago","tag-rentalmarket"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rent Control Is Back In Chicago - The Apartment Source<\/title>\n<meta name=\"description\" content=\"Affordable Housing is a real issue in the Chicagoland area that needs real solutions.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/upgrade.apartmentsource.com\/blog\/rent-control-moratorium\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rent Control Is Back In Chicago - The Apartment Source\" \/>\n<meta property=\"og:description\" content=\"Affordable Housing is a real issue in the Chicagoland area that needs real solutions.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/upgrade.apartmentsource.com\/blog\/rent-control-moratorium\/\" \/>\n<meta property=\"og:site_name\" content=\"The Apartment Source\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-13T13:10:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-04-13T16:23:12+00:00\" \/>\n<meta name=\"author\" content=\"Chris Pezza\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Chris Pezza\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/upgrade.apartmentsource.com\/blog\/rent-control-moratorium\/\",\"url\":\"https:\/\/upgrade.apartmentsource.com\/blog\/rent-control-moratorium\/\",\"name\":\"Rent Control Is Back In Chicago - 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