Government,
Real Estate/Development
Jul. 23, 2024
Biden's 'moderate' rent control policy unlikely to see daylight
Real estate and tenant rights lawyers weigh in on what a recent proposal to cap rental increases nationally would mean for the rental market.
A proposal by President Joe Biden to instate a national cap on rental increases has met praise and disparagement from attorneys. While the current makeup of Congress means it likely won't become law anytime soon, some advocates argue the plan is an ideal blueprint for what a moderate nationwide rent control policy could one day look like.
Announced on July 16 as part of a suite of affordable housing policies, the proposal would cap annual rent increases to no more than 5% on ...
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