DEPLOYMENT NOTICE!
Act or risk being sued for using credit history in your screening criteria.
The Illinois House is moving quickly to pass two bills that put your real estate investments in jeopardy. These bills threaten your ability to manage your real estate. You must act today to stop this erosion of your rights.
HB5394: The Ban on Credit Checks
HB5394 creates a massive risk for every housing provider. It forbids using credit scores to screen applicants who receive housing subsidies. Credit history is a vital tool for assessing financial responsibility.
Without this tool, housing providers like you cannot properly vet potential residents. Forcing providers to ignore financial history creates unfair risks. This bill strips you of your right to make informed choices about who lives in your property.
Avoid This Slippery Slope
If you think this bill doesn’t affect you because you aren’t accepting housing subsidies, think again! This is a first step. If this becomes law, it is a matter of time before activists in the legislature pass another law applying the policy to all housing providers.
HB3526: Creeping Toward Rent Control
HB3526 is another direct attack on housing providers. This bill violates the Rent Control Preemption Act. It aims to limit your control over your own investments.
Government price controls often lead to lower property values. These policies make it harder for you to maintain quality housing. We cannot allow the state to dictate how you manage your assets.
How These Bills Hurt Affordable Housing
These bills will actually make affordable housing harder to find. When risks become too high, many housing providers will leave the market. This reduces the total supply of available homes.
Lower supply always leads to higher costs for everyone. HB5394 and HB3526 will discourage investment in our communities. We need policies that support housing providers, not policies that punish them.
Take Action Now
Your Illinois House Representative needs to hear from you right now. Call and tell them to vote "No" on HB5394 and HB3526. Your future, and our industry, depend on you speaking up.
Please make your voice heard today. Protect your rights as a housing provider.
Now is the time for action!
Housing providers must stand together to stop this overreach. These bills have the potential to negatively impact many businesses. To whom else should you forward this message? Send it to them now, please!