Biden's proposal to cap rent hikes at 5% nationally for two years, with exceptions for new construction, received industry condemnation. David Dworkin criticizes such short-term policies for leading to higher housing costs in the long run.
The Biden administration has focused on addressing the root cause of high rents and home prices by massaging rules around LIHTC, creating HUD grant programs, repurposing federal land for affordable housing, and facilitating commercial-to-residential conversions.
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