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Industry Coalition Flags Biden’s Proposed Rental Regulations
Ten associations representing America’s housing providers, lenders and residents signed a letter to the White House urging caution over a series of regulations they say would hurt consumers and ultimately exacerbate the shortage of affordable housing nationwide. The groups flagged Biden-Harris administration proposals intended to boost housing production and lower housing costs as well as new rules targeting so-called “junk fees.”
The letter addressed what the groups called “additional federal regulation on top of what is already an overly complicated set of regulations and housing provider-resident laws at the state and local levels that will disincentivize investors, further exacerbate the supply shortage and ultimately hurt our nation’s renters.
“Specific concerns include treating rental housing fees like typical consumer fees and removing consumer-friendly broadband bulk-billing pricing options for housing providers. In addition, the groups believe it is critical that all sectors be involved – both for-profit and non-profit and resident owned manufactured housing communities – in the strategy to maintain affordable manufactured housing communities.”
Signatories to the letter include the CCIM Institute, the Council for Affordable and Rural Housing, the Institute of Real Estate Management Manufactured Housing Institute, the Mortgage Bankers Association, the National Apartment Association, the National Association of Home Builders, the National Association of Realtors, the National Leased Housing Association and the National Multifamily Housing Council.
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- ◦Policy/Gov't
