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Biden unveils housing proposal that includes nationwide cap on rent increases

Housing Wire

Biden’s new plan would cap annual rent hikes at 5% for two years for landlords who manage 50 or more rental units, which the administration said would cover 20 million units, or roughly half of all rental units in the country. Exemptions would be provided to new construction and units with “substantial” renovation and rehabilitation.

Landlords 488
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Biden Administration Looks to Cap Rent Hikes

Appraisal Buzz

The President called on Congress earlier this year to make homeownership a reality for more families by passing the Biden-Harris Housing Plan , an initiative that would build two million homes, and provide $10,000 in mortgage relief. It would include an exception for new construction and substantial renovation or rehabilitation.

Landlords 435
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How will a White House plan for federal lands impact states like Utah?

Housing Wire

A plan announced last week by the White House includes a nationwide cap on rent increases. George McCarthy, president and CEO of the Lincoln Institute, explained that a perception of federal lands that somehow limits the construction of affordable housing is not accurate. And more than 33 million acres — or 63.1%

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Trump’s plan to build houses on federal land, explained

Housing Wire

Politico reported in August that proposals to sell federal land to developers for housing construction have notably appeared in both the Republican National Committee’s 2024 platform and in President Joe Biden’s housing plan , when he was still in the running. And it could be quite disruptive.