Ten associations representing America’s housing providers, lenders, and residents have signed a letter to the White House urging caution over proposed regulations that could harm consumers and worsen the nationwide shortage of affordable housing. The groups are concerned about potential rules from the Biden-Harris administration aimed at increasing housing production and reducing costs, as well as new regulations targeting “junk fees.”
The letter addresses additional federal regulation on top of an already complex set of laws at both state and local levels that could discourage investors, exacerbate supply shortages, and ultimately harm renters across the country.
Specific concerns highlighted in the letter include treating rental housing fees like typical consumer charges and eliminating broadband bulk-billing pricing options for landlords. The groups also stress that all sectors – including for-profit companies, non-profits organizations,and resident-owned manufactured home communities – should be involved in any strategy to maintain affordable manufactured home communities.
Signatories to this industry coalition include CCIM Institute,the Council for Affordable 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,National Associationof Realtors,National Leased HousingAssociation,andNational MultifamilyHousingCouncil.The post Industry Coalition Flags Biden’s Proposed Rental Regulations appeared first on Connect CRE.
