The administration, in addition to proposals aimed at calming the mortgage market and reducing the cost of homeownership, is looking to increase the housing supply with measures aimed at lowering multifamily rents. It’s also targeting what it calls unfair fees that further burden apartment tenants.
“I know the cost of housing is important to you,” Biden said in his annual State of the Union address Thursday night to a joint session of Congress. “Now pass my plan to build and renovate 2 million affordable homes and bring those rents down!”
Source: CoStar News – White House Proposes Expanded Measures To Help Apartment Renters
