Real Estate Investing

CCIA Actively Promotes The Legislative Interests of Real Estate Investors & Housing Providers

Laws are constantly changing in the real estate industry. We need to stay active on Real Estate Legislation to make sure that we comply with new laws, and work with legislators to make the laws fair for all sides.

CCIA promotes a strong ethical standard in the Real Estate Industry. We work to make sure that investors and property owners have a voice whenever possible, promoting fair and balanced legislation. Real Estate Investors need to join and support associations like ours. Your contributions allow our association to fight for you to limit the impact of unfair laws and promote more responsible legislation on housing.

CCIA is a Chapter of The National REIA. National's legislative council is our advocate in Washington, DC. National REIA shares information relevant at the state and local level.

CCIA is also a Founding Member of The Illinois Rental Property Owners Association - (IRPOA). IRPOA's Political Action Committee is a leading advocate for rental property owners and investors in Springfield, and offers a platform for investors in groups around the state to work on local issues.

VISIT CCIA'S PAGE ON RENT CONTROL

State Legislature Contact Information

Cook County Board of Commissioners

Several New Laws took effect January 1, 2020. Visit www.ilga.gov to read the details.

HB-3671 (Public Act 101-0518) - Assistance Animal Integrity Act - landlords need to read this new law and comply. It addresses how we are to interact with the owners of emotional support or service animals that qualify as a reasonable accommodation under the Federal Fair Housing Act or the Illinois Human Rights Act.
SB-1780 (Public Act 101-0565) - Amends the Illinois Human Rights Act to prohibit discrimination based on an arrest record, juvenile record, or expunged or sealed record. Along with the JUST Housing Ordinance in Chicago, screening procedures will need to change. Thank you to everyone that filled out the witness slips and voiced their opposition to this. The changes take effect 1-2-20.
SB-1290 (Public Act 101-0439) - Immigrant Tenant Protection. Prohibits harassment or threats based on actual or perceived status.

NON RENT-CONTROL BILLS WE'RE WORKING ON (Still Active as of August 2020):

OPPOSE: SB-1379 - Property Tax-Income Producing Property - Already on the 2nd reading in the Senate - requires owners of income producing property to provide and Income and Expense Data to county assessor. (Status: Stalled)
OPPOSE: HB-2838 - Illinois Wage & Payment & Collection Act - Provides authorization for third parties owed fringe or other benefits or a joint labor-management cooperation committee to bring a civil action to enforce liability against a direct contractor. Waivers of Lien from general contractors are no defense. (Status: Stalled)
OPPOSE: HB-2299 - Eviction - Seal & Impound Files (Status Rule 19(a) - stalled)
OPPOSE: HB-0926 - Human Rights - Source of Income (Status Rule 19(a) - stalled)
OPPOSE: HB2217 - Property Tax-Income Producing Property - It would require income producing property to provide an Income & Expense data sheet annually to the county assessor. (Status Rule 19(a) - stalled)

TAKE ACTION - WHAT SHOULD YOU DO?

Contact your State Legislators
Plan on attending any hearings & events your legislators may hold
Donate to IRPOA's Legislative Fund

EPA - Lead laws

Real Estate Investors, Landlords & Renovators... you must be aware of legislation regarding led. The EPA has an extensive website to guide you. Lead Safety & Outreach Materials.

CONTRACTORS: Learn about the RRP Program Requirements & where you can get trained. Details

Federal Law requires owners of pre-1978 housing to give the "Protect Your Family From Lead" booklet to prospective tenants before a lease is signed. Get your Copy Here.

City of Chicago Bed Bug Information

The City of Chicago is committed to providing residents with the best information to protect themselves from bed bugs. Go here to find out more information about the ordinance.

2019 Security Deposit Interest Rates

The 2019 Illinois security deposit interest rates remain unchanged at .01%

Illinois Fair Housing

Illinois is one of many states with its own fair housing law. If you're renting your units, your tenants are covered by the Fair Housing Act or FHA, a federal law that protects both existing tenants and prospective tenants from illegal housing discrimination. LANDLORDS: You must be educated on this! Read More

Property Flipping & FHA Loan Rules - 2018

What do you need to know about property flipping and FHA home loan rules? The first thing to know is that flipping is addressed in the FHA loan handbook, HUD 4000.1 and there are measures in place to discourage the practice! Read More

LEGISLATIVE UPDATES

CCIA Actively Promotes The Legislative Interests of Real Estate Investors & Housing Providers

Bill Tracking

Donate to IRPOA's Lobbyist Fund

HOT TOPICS

Downloads

EPA - Lead laws

City of Chicago Bed Bug Information

2019 Security Deposit Interest Rates

Illinois Fair Housing

Property Flipping & FHA Loan Rules - 2018

We support