Toni Preckwinkle has come out strongly in favor of repealing Illinois’s Rent Control Pre-Emption Act of 1997. The law provides that “[a] unit of local government … shall not enact, maintain, or enforce an ordinance or resolution that would have the effect of controlling the amount of rent charged for leasing private residential or commercial property.”
In other words: no rent ceiling.
During the primary, Preckwinkle was one of two candidates to answer “yes” on a questionnaire about lifting the ban by the Chicago Association of Realtors, which opposes rent control. (The other was LaShawn Ford.) Preckwinkle recently reiterated her position in a press release:
“I support lifting the city’s ban on rent control. When considering city legislation to establish a rent control, I believe this power should be given back to local municipalities so they can decide how rent control would best work for them. This decision should not be implemented solely from the power of the Mayor’s office, but should be an engaging process between activists, elected officials and all stakeholders. I have confidence that drawing input from different groups of stakeholders will create an optimal solution to the problem of Chicago’s rising rents that are pushing families out of their homes and communities.”