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FR
Johnson’s relocation fee threatens affordable rentals
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Illinois Policy
Johnson’s relocation fee threatens affordable rentalsA proposed ordinance would force landlords to pay tenants thousands to end a lease.
The mandate risks higher rents and fewer affordable units.
A provision in Chicago Mayor Brandon Johnson’s proposed “Protecting Renters Ordinance” could trigger higher rents and fewer affordable units.
That would likely hurt the small, family-owned buildings that make up most of the city’s affordable housing.
The answer to more affordable housing is not a mandate that raises the cost of owning a small rental building.