Ten associations urged the White House to reconsider regulations that may worsen the affordable housing shortage

Written By Dave Parish

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.’”

Our Take

  • Further regulation will only add complexity to the process of bringing new housing to the market. 🏠✖️📝

  • More SUPPLY 📈 is required in numerous markets and sub-markets across the nation.

  • Rather than imposing more regulation, government should incentivize the addition of housing units to the market. 🏘️

  • This will boost supply and lower rents simultaneously. 📉

    #multifamilydevelopment #multifamilyinvesting #supplyanddemand #governmentregulations

 Source: CRE Daily and Connectcre.com, March 11, 2024

Dave Parish
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