President Joe Biden has announced a comprehensive plan to address the rising housing costs in the United States. The plan includes increasing construction efforts to build more housing units, making homes more affordable, and creating pathways for first-time homebuyers. Additionally, the Biden administration aims to implement measures to cap rent prices to prevent corporate greed, which has sparked debate regarding the feasibility and impact of national rent control. Vice President Kamala Harris emphasized that the administration is focused on lowering costs for American families, including expanding the Affordable Care Act and removing barriers to homeownership. The plan also includes cutting mortgage premiums by $900 per year, providing assistance to 8 million renters, and targeting rental junk fees. This initiative, highlighted during the Presidential Debate, comes in response to widespread concerns about housing affordability and the difficulty many families face in purchasing homes or paying high rent prices.
Housing costs are hurting working families. That's why @POTUS has: 🏠Cut mortgage premiums by $900/year 🏠Provided assistance to 8 MILLION renters 🏠Cracked down on landlords for price fixing 🏠Targeted rental junk-fees Every family deserves access to safe, affordable housing!
For many Americans, rent is still too high or the dream of owning a home is still out of reach. The Biden-Harris Administration is working to lower these costs for good. https://t.co/hvUAPR2v96
President Biden announces initiative to mitigate rising housing costs by implementing plans to increase construction efforts and limiting rent prices, aiming to make homeownership more accessible for all Americans. #BidenHousingPlan
President Biden pledged during the #PresidentialDebate to do more to lower the cost of housing, one of his biggest political vulnerabilities. Voters have told pollsters that they can’t afford to purchase a home or pay high rent prices. https://t.co/XVYC1nW7gN
First MINUTE of Biden's debate remarks: "We're going to reduce the price of housing. We're going to build new units. We're going to make sure we CAP RENTS so corporate greed can't take over." POTUS calls for rent caps. Tenants did that. Now let's see it happen.
It was hard to make it out, but #Biden just advocated for national rent control by saying he wants to cap rents. What a disaster that would be.
It was hard to make it out, but Biden just advocated for national rent control by saying he wants to cap rents. What a disaster that would be.
Did Biden just say he is going to cap residential rent rates?!?
What authority does Biden have to “cap rents”?
BIDEN TO REDUCE HOUSING PRICES, INCREASE CONSTRUCTION, AND LIMIT RENT CAPS
President Biden and I are working every day to continue lowering costs for American families. That includes building more affordable housing, expanding the Affordable Care Act, removing barriers to buy a home, and more. https://t.co/9U50aa7mRQ
It's simple economics — the supply of housing is too low leading to higher home prices. @POTUS and @VP understand this and are taking action! I look forward to working with the admin to make it easier to build more housing so that we can bring prices down. https://t.co/ol2qqFrNQD
Homeownership is out of reach for too many families. @POTUS Biden has a plan that will help build more homes, make them more affordable, & create a pathway for first-time homebuyers towards their American dream. https://t.co/jxYQtL01JS