|Illinois REALTORS® is encouraging members to contact their state representatives and voice opposition to House Bill 2430 which would repeal the Rent Control Preemption Act.
The intent of the law is bad enough: Create rent control in Chicago. But by repealing the Rent Control Preemption Act of 1997 the proposal would by default open up rent control as an option for all home units in the state, not just Chicago.
To tell House members that this is a threat to private property rights, click here.
Illinois REALTORS® has a summary which lists the myriad of reasons REALTORS® (and their clients) should be concerned about rent control. You can find the summary here.