Democrats Back Limiting Rent Hikes, Sparking Industry Pushback

Politico Pro, Aug. 1, 2023–Katy O’Donnell (subscription)
Senate Democrats and tenant advocates are pressing the Biden administration’s top housing regulator to curb rent increases at some 12 million apartment units, triggering resistance from the housing industry.
50 percent of multifamily lending would dry up if Fannie Mae and Freddie Mac capped rent at their properties, said Mike Flood, senior vice president of multifamily policy at the Mortgage Bankers Association.