President Biden has put forward his second proposal this year to “cap” rent increases nationwide.
“Under Biden’s proposal, landlords who own more than 50 units would face a choice: Cap rents at 5% annually, or lose access to a coveted federal tax write-off.”
It would need Congress’ approval to come into effect. In the meantime, economists say rent regulation could still be deployed by restricting federal financing to landlords.
https://inthesetimes.com/article/bidens-rent-cap-progressive #housing
Dan /
npub1xx…hmtew
2024-07-21 14:34:11
Author Public Key
npub1xx7hvvlsureg2jedxvj4uh4ghzr8ldevlvjd2src6598q5qt4f7qxhmtewSeen on
wss://relay.mostr.pubPublished at
2024-07-21 14:34:11Event JSON
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