Today, the Biden Administration announced new efforts to lower rents and address housing affordability by proposing a cap on rent increases and investing in housing development. Groundwork’s Chief Economist Dr. Rakeen Mabud applauded the action with the following statement:
“Across the country, tenants are being gouged by landlords who are exploiting a housing shortage to profit off of families’ basic need for shelter. With today’s announcement, the Biden Administration has answered the call from tenants and taken an important step to check the greed of landlords and give families some breathing room.”
Email press@groundworkcollaborative.org to speak with one of Groundwork’s experts about housing affordability.