Coalition of Property Owners Claims That Rent Control Policies a Threat to Affordable Housing


Coalition of Property Owners Claims That Rent Control Policies a Threat to Affordable Housing

2019-03-19T10:18:54-07:00March 19th, 2019|Advocacy|

The SHAPE Illinois Coalition held a press conference Wednesday to encourage lawmakers to keep rent control out of the state.

Michael Mini, the executive vice president of Chicagoland Apartment Association, said SHAPE Illinois was formed to demonstrate why rent control policies can be problematic. Mini said that SHAPE Illinois opposes three bills that want to bring rent control back to Illinois: House Bills 2552192 and 3207.

“We differ significantly on how we view artificial caps on rents,” Mini said. “My caution is this: Rent control policies have proven to exacerbate problems. They work against the affordable-housing objective and ultimately lead to a shortage of quality affordable housing.”

Mini said as a coalition, SHAPE Illinois supports several legislative efforts, including House Bill 2168, which proposes property-tax relief for apartment owners who build new units or rehabilitate existing units and agree to keep rent affordable.

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