FACT SHEET: President Biden Announces Major New Actions to Lower Housing Costs by Limiting Rent Increases and Building More Homes

President Biden calls on corporate landlords to cap rent increases at 5% and takes action to make more public land available for housing

President Biden is taking action to make renting more affordable for millions of Americans. Today, President Biden is announcing new actions to lower housing costs, including:

• Calling on Congress to pass legislation giving corporate landlords a choice to either cap rent increases on existing units at 5% or risk losing current valuable federal tax breaks;...

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RSK: The White House rent control outlined. This is a very political move for votes, since in a recent survey, 80% of economists said no, it will not solve the problem and may even make it worse, 2% said it would help the rest not sure...