Saturday, March 09, 2024 9:56:56 AM
President Biden is also taking actions to lower costs and promote housing stability for renters. The White House Blueprint for a Renters Bill of Rights lays out the key principles of a fair rental market and has already catalyzed new federal actions to make those principles a reality. Today, President Biden is announcing new steps to crack down on unfair practices that are driving up rental costs:
Fighting Rent Gouging by Corporate Landlords. The Biden-Harris Administration is taking action to combat egregious rent increases and other unfair practices that are driving up rents. Corporate landlords and private equity firms across the country have been accused of illegal information sharing, price fixing, and inflating rents. As part of the Strike Force on Unfair and Illegal Pricing announced by President Biden on Tuesday, the President is calling on federal agencies to root out and stop illegal corporate behavior that hikes prices on American families through anti-competitive, unfair, deceptive, or fraudulent business practices. In a recent filing, the Department of Justice (DOJ) made clear its position that inflated rents caused by algorithmic use of sensitive nonpublic pricing and supply information violate antitrust laws. Earlier this month, the Federal Trade Commission and DOJ filed a joint brief further arguing that it is illegal for landlords and property managers to collude on pricing to inflate rents – including when using algorithms to do so.
Cracking Down on Rental Junk Fees. Millions of families incur burdensome costs in the rental application process and throughout the duration of their lease, from “convenience fees” simply to pay rent online to fees charged to sort mail or collect trash. These fees are often more than the actual cost of providing the service, or are added onto rents to cover services that renters assume are included—or that they don’t even want. Last fall, the FTC proposed a rule that if finalized as proposed would ban misleading and hidden fees across the economy, including in housing rental agreements. Last month, HUD released a summary of banned non-rent fees within their rental assistance programs. These actions build on voluntary commitments the President announced last summer from major rental housing platforms to provide customers with the total, upfront cost on rental properties on their platform.
Expanding Housing Choice Vouchers. Over the last three years, the Administration has secured rental assistance for more than 100,000 additional households. The President is calling on Congress to further expand rental assistance to more than half of a million households, including by providing a voucher guarantee for low-income veterans and youth aging out of foster care – the first such voucher guarantees in history. Receiving a voucher would save these households hundreds of dollars in rent each month.
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Recent SGD News
- Safe and Green Development Corporation increases sales price of St Mary's to $1.4M • GlobeNewswire Inc. • 05/21/2024 01:00:00 PM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 05/21/2024 10:45:03 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/20/2024 09:31:58 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/20/2024 09:31:03 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/20/2024 08:46:36 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/15/2024 12:50:33 PM
- Safe and Green Development Corporation Reports First Quarter 2024 Financial Results and Provides a Business Update • GlobeNewswire Inc. • 05/15/2024 12:45:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/13/2024 12:00:39 PM
- Form D - Notice of Exempt Offering of Securities • Edgar (US Regulatory) • 05/10/2024 09:04:51 PM
- Safe and Green Development Corporation Inks Partnership to Provide Mortgage Services via the Xene Platform Across 49 States in the U.S • GlobeNewswire Inc. • 05/09/2024 12:45:00 PM
- Form RW - Registration Withdrawal Request • Edgar (US Regulatory) • 05/08/2024 01:25:54 PM
- Safe and Green Development Corporation to Acquire MyVonia, a Cutting-Edge AI Asset • GlobeNewswire Inc. • 05/07/2024 01:15:00 PM
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 05/06/2024 08:55:02 PM
- Safe and Green Development Corporation Expects to Close the Sale of St. Mary’s Site in May 2024 • GlobeNewswire Inc. • 04/30/2024 01:00:00 PM
- Safe and Green Development Corporation Executes Contract to Sell Lago Vista Site • GlobeNewswire Inc. • 04/26/2024 01:05:00 PM
- Safe and Green Development Corp Provides Quarterly Business Update • GlobeNewswire Inc. • 04/17/2024 01:00:00 PM
- Safe and Green Development Corp Announces XENE Home AI Beta Launch • GlobeNewswire Inc. • 04/04/2024 01:00:00 PM
- Safe and Green Development Corp Reports Record Fiscal Year 2023 Financial Results and Provides a Business Update • GlobeNewswire Inc. • 03/28/2024 01:00:00 PM
- Safe & Green Holdings and Soldier on Sign Letter of Intent to Design, Build and Operate 800-Unit Supportive Housing Community for Veterans • GlobeNewswire Inc. • 03/19/2024 12:30:00 PM
- Safe and Green Development Corp Launches Xene AI Exclusive Waiting List • GlobeNewswire Inc. • 03/11/2024 12:45:00 PM
- Safe and Green Development Corp Secures Financing for Norman Berry Expansion in Atlanta, Georgia • GlobeNewswire Inc. • 03/08/2024 02:00:00 PM
- Safe and Green Development Corp To Roll Out Xene Platform March 27th, 2024 • GlobeNewswire Inc. • 02/22/2024 02:00:00 PM
- Safe and Green Development Corporation Acquires XENE Real Estate AI Software • GlobeNewswire Inc. • 02/08/2024 02:00:00 PM
- Safe and Green Development Corporation Executes Contract to Sell St Mary’s Site for $1.35M • GlobeNewswire Inc. • 02/05/2024 02:00:00 PM
- Safe and Green Development Corp Provides Xene AI Software Expansion Plans • GlobeNewswire Inc. • 01/16/2024 03:15:00 PM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM
VPR Brands (VPRB) Reports First Quarter 2024 Financial Results • VPRB • May 17, 2024 8:04 AM
ILUS Provides a First Quarter Filing Update • ILUS • May 16, 2024 11:26 AM