The government is considering more restrictions on landlords.
The White House announced that new measures to protect tenants are being prepared. The options being considered are intended to provide relief from inflation and a higher cost of living. These include grace periods for late rent and the right to counsel for tenants facing eviction, as well as new restrictions on rental rate hikes and penalties for landlords accused of price gouging.
Representative Jamaal Bowman of New York encouraged the president to take executive action, saying, “People can’t afford to live. … We want to push the president as far as possible to lighten the burden of rent on everyday people.”
White House Spokesperson Robyn Patterson said, “We are exploring a broad set of administrative actions that further our commitment to ensuring a fair and affordable market for renters across the nation. We look forward to continuing to work with lawmakers to strengthen tenant protections and improve rental affordability.”
The CEO of the National Association of Home Builders, whose membership includes landlords, said the industry is preparing for “some pretty intense regulations.”
As the Lord Leads, Pray with Us…
- For the president and his advisors as they pursue tenant protections.
- For members of Congress as they consider and debate legislation surrounding the economy and housing.
- For administration officials to craft policies in harmony with the Constitution and existing law.
Sources: Politico, Bloomberg News
