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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. Landlords who break the cap would be denied federal tax benefits. Government watchdog Accountable.US

Landlords 470
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Biden Administration Looks to Cap Rent Hikes

Appraisal Buzz

The Biden Administration’s three-pronged approach involves capping rent increases, rehabbing distressed properties, and building affordable housing. This would apply to landlords with more than 50 units in their portfolio, covering more than 20 million units across the country. elementor – v3.22.0 – 26-06-2024 */.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading.elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-siz

Landlords 435