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Is Rent Control Right For Chicago?

April 18, 2019

Newly sworn-in Illinois governor J.B. Pritzker vowed during his campaign to repeal the statewide ban on rent control. The city's newly-elected mayor Lori Lightfoot has acknowledged Chicago's escalating rent rates are placing an increasing burden on residents of rental housing.

Elsewhere, the issue is being as hotly debated as in the Windy City. Earlier this year, Oregon became the nation's first state to enact statewide rent control. The Beaver State has capped annual rent hikes at seven percent plus inflation for non-exempt units.

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