Resolution R2024-0012413
Stale
Call for hearing(s) on impacts of algorithmic price fixing on housing availability and affordability
Auto-generated summary
On September 18, 2024, the Committee on Housing and Real Estate proposed a resolution for a hearing on rent algorithm software impacts. Companies like RealPage, Inc. and Yardi Systems, Inc., facing antitrust lawsuits including one from the United States Department of Justice, sell these software programs. They use predatory business practices in cities like Chicago to increase rents and create artificial housing scarcity.
