President Biden calls for Congress to eliminate tax breaks for corporate landlords raising rent by 5% annually, aiming to provide relief for tenants while new housing is constructed.
Housing activists hail Biden's proposal for rent control as a positive step in addressing the affordability crisis, but face opposition from the corporate landlord lobby in Congress.
Tara Raghuveer emphasizes that rent control is essential to combat the housing crisis, criticizing government support for corporate landlords and advocating for immediate federal intervention in regulating rents.
Activists urge Congress to take action and emphasize the importance of governmental intervention in federally financed housing to address the pressing need for rent regulation, highlighting the necessity for additional measures beyond Biden's proposal.
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