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Biden announces plan to cap rent increases at 5% for half of American rental households

A record number of renters can't afford their housing costs. Biden wants to discourage big rent increases to address the issue.

By: Business Insider

Jul 17 2024
27
4265 Views

Biden announces plan to cap rent increases at 5% for half of American rental households — Biden announces plan to cap re

Biden answers reporters' questions at at Joint Base Andrews in Maryland ahead of his trip to Nevada.KENT NISHIMURA/Getty Images

Joe Biden announced a proposal to cap annual rent increases at… [+4964 chars]
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