LETTER: HOUSING PROVIDERS WRITE PRESIDENT BIDEN OPPOSING NATIONAL RENT CAP

The National Apartment Association and national real estate associations wrote to the White House to express their strong opposition to the recent proposal to cap rents nationwide.

They noted that rent control policies have proven time and again to increase rents, reduce the capital needed to boost the supply of housing, and ultimately hurt renters today and in the future. Instead, they proposed a focus on leveraging federal resources to build the housing America needs.