President Biden Announces Major New Actions to Lower Housing Costs
July 16, 2024
President Biden Announces Major New Actions to Lower Housing Costs
Today, President Biden is announcing major new actions to lower housing costs by limiting rent increases and building more homes. These actions include:
Calling on Congress to pass legislation giving corporate landlords a choice to either cap rent increases on existing units at 5% or risk losing current valuable federal tax breaks;
Repurposing public land sustainably to enable as many as 15,000 additional affordable housing units to be built in Nevada; and
Rehabilitating distressed housing, building more affordable housing, and revitalizing neighborhoods, including in Las Vegas, Nevada.
Uplift Tweet Here
Read President Biden's Statement Here
Read the Fact Sheet on Lowering Housing Costs Here