yieldpro.com/pdf/infographics/2024/0304/The_White_House_issues_national_rent_control.pdf
The new cap on annual rent increases will apply to a million Low-Income Housing Tax Credit (LIHTC) apartments according to The Washington Post.
2020 Senator Sanders (Vt.) contends that federal control of the multifamily housing rental market would make housing more affordable. His Housing for All plan, which also includes a national 2 percent property tax on vacant units and steep curbs on evictions, would set the course to nationalizing housing in America.
2023 The White House releases an even better branded Renters’ Bill of Rights to “strengthen tenant protections and encourage rental affordability.” It empowers the Federal Housing Finance Agency (FHFA) to “limit egregious rent increases” at properties with a Fannie- or Freddie-backed mortgages.
2024 Acting HUD Secretary Adrianna Todman’s department has proposed a 10 percent cap on annual rent increases on Low-Income Housing Tax Credit (LIHTC) properties. It is worth noting that LIHTC properties are already constrained, limiting rents to 30 percent of a resident’s income.
yieldpro.com/2024/04/the-white-house-issues-national-rent-control-plan/