In the recent Chicago municipal election, 18 precincts included a referendum question on their ballots asking if the state of Illinois should support rent control. In all 18, voters said yes. In 2018, wards across Chicago were asked similar questions and overwhelmingly answered yes. The message is clear to our next mayor and City Council: Chicago wants rent control.
Rent control, also known as rent stabilization, increases housing tenure and stability. Simply put, it keeps people in their homes. Over half of Chicagoans are rent burdened, meaning they spend more than 30 percent of their income on rent. What’s more, displacement has become common in Chicago. Residents are forced out due to sudden, unexpected rent hikes, only to find luxury condos being built in place of their childhood homes.