Illinois

Forbes Columnist Roger Valdez outlines why rent control is the wrong answer to Chicago’s housing affordability crisis. Chicago doesn’t need rent control. A headline from the Chicago Tribune from earlier this year tells the story: “Chicago rents fell 12% in 2020.” Where is the need for controlling rents when they are falling?   A closer look, […]

Several area banks have committed $330 million toward funding community development on Chicago’s South and West sides.

Heather Cherone with WTTW reports on Chicago Mayor Lori Lightfoot’s new plan to protect affordable housing from the economic fallout of the coronavirus pandemic. 

Chicago Housing Commissioner Marisa Novara outlines the importance of paying rent in these uncertain times.

The Chicago Tribune Editorial Board explains why a rent strike would only hurt communities that need support during the coronavirus pandemic. 

Austin Stadelman, a student at the University of Illinois, explains why rent control isn’t the solution for our housing affordability crisis. 

Ryan Ori with The Chicago Tribune reports on why regulatory uncertainty, including the threat of rent control, is chasing development to other cities. 

Greg Hinz with Crain’s Chicago Business reports on Mayor Lori Lightfoot’s new 20-member affordable housing task force.

Brianna Kelly reports for The Real Deal on what the $500 million presidential center could bring to the South Side of Chicago. 

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.