Not talking politics. Just the possible ramifications of this if enacted. Go.
https://www.globest.com/2023/01/24/white-house-mulls-tenant-protections-as-local-rent-control-push-grows/?slreturn=20230024151747
Quote:
At a time when apartment rents are starting to descend from the record highsand the momentum for rent controls appears to be buildingthe Biden Administration said it is considering several executive actions that would expand protections for renters.
Among the measures on the table at the White House are standardized rental leases; grace periods for late rents; a right to counsel for tenants facing eviction; the sealing of eviction records; and a federal campaign to end discrimination against affordable housing voucher holders based on the source of income, Bloomberg reported.
The smoke signals from Pennsylvania Avenue came in response to a letter from Sen. Elizabeth Warren to President Biden, signed by 50 members of Congress and made public last week, calling for the president to issue an executive action ordering a cap on rent hikes in properties backed by Fannie Mae, Freddie Mac or the US Department of Housing and Urban Development.
https://www.globest.com/2023/01/24/white-house-mulls-tenant-protections-as-local-rent-control-push-grows/?slreturn=20230024151747
Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty