“The rent is too damn high—and rent control is a real fix,” one group said, praising the proposal.
By Jessica Corbett. Published 7-15-2024 by Common Dreams
As former U.S. President Donald Trump secured the Republican nomination and announced his running mate on Monday, Democratic President Joe Biden prepared to unveil a proposal that would cap annual rent increases at 5% for tenants of major landlords.
After Biden briefly previewed the proposal during a press conference last week, The Washington Post reported on the planned announcement Monday, citing three people familiar with the matter. The Associated Press separately confirmed the plan.
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