Breaking news: Biden administration launches new effort to help tenants stay in affordable housing amid soaring rental costs
A coalition of tenant unions, community organizations and legal groups have called for an all-out approach, drafting an executive order for the Biden administration, urging for a state of emergency on housing and exploring ways to regulate rents. Thoseintended to push federal regulators to consider new ways to curb rental costs.But White House advisers and administration officials deemed many of the ideas impractical, and some questioned the legality of such forceful action.
The Justice Department will look at competition issues in the rental market. The Federal Housing Finance Agency and the Department of Housing and Urban Development are also taking part.the administration unveiled a plan focusing on the dearth of housing supply in the United States. But plugging that gap — the United States needs 1.
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