NMHC Statement on Reporting that the Biden Administration Will Announce National Rental Control

WASHINGTON–(BUSINESS WIRE)–This afternoon the Washington Post reported that President Biden will tomorrow announce a new proposal to cap rents nationally. This campaign season rhetoric will do nothing to lower housing costs or broaden housing opportunity. Indeed, instituting national rent control will drive up housing costs and limit the building of new and badly needed housing at the same time communities across the nation are facing a housing affordability crisis. “This legislative proposal