Olga Wright Real Estate

Biden Proposes 5% Cap on Rent Hikes for Corporate Landlords

President Biden has proposed a 5% cap on rent increases for corporate landlords to address rising housing costs.

President Biden has proposed a 5% cap on rent increases for corporate landlords to address rising housing costs. This measure aims to protect tenants from excessive rent hikes and ensure more stable housing conditions. Critics argue it may deter investment in rental properties, while supporters see it as a necessary step to prevent displacement of low-income renters.

For more information, read the full article here.

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