The White House called on Congress to pass legislation giving corporate landlords defined by the White House as those with over 50 rental units a choice to cap annual rent increases on existing units at 5 percent annually or lose federal tax breaks based on property depreciation.
Increasing the supply of affordable rental housing nationwide is the best way to alleviate affordability constraints for renters.
#biden-administration #housing-affordability #rent-control #corporate-landlords #affordable-rental-housing
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