Skip to main content

Sign up for our newsletter.

Quality journalism. Progressive values. Direct to your inbox.

For Immediate Release

Contact

Johanna Kichton, press@peoplesaction.org

Press Release

220+ Organizations Call on Biden Administration to Regulate Rent to Curb Inflation

Demands for Federal Action to Regulate Rent Released in Memo and Letter to the Administration
WASHINGTON -

The Homes Guarantee campaign, based at People’s Action, today led a coalition of over 220 tenant unions, community organizations, and legal partners to call on President Biden to regulate rents in a new memo and letter. The demands come just a day before July’s inflation numbers are set to be released. 

Rent has become a major driver of core inflation. June 2022 saw the biggest one-month increase in rents since 1986. Nationally, median rent is over

$2000 for the first time ever. 

“The president must act immediately to regulate rents, as part of the administration’s efforts to curb inflation, and as a critical foundation for long term protections to correct the imbalance of power between tenants and their landlords,” the signers wrote.

The demands for federal action to combat rent inflation include:

  • Declaring a state of emergency on housing;
  • Imposing rent regulations on all borrowers of federally-backed mortgages;
  • Defining excessive rent increases as an unfair practice and enforcing it;
  • Investigating corporate landlords using unfair tenant screening and debt collection practices;
  • Obtaining and investigating rent increases at publicly traded companies that own and manage rental residential properties;
  • Conditioning new Emergency Rental Assistance Program (ERAP) funds with rent control measures; and
  • Attaching good cause eviction protections to the Low-Income Housing Tax Credit.

The full text of the demands, letter, and signers may be found here.

###

People's Action builds the power of poor and working people, in rural, suburban, and urban areas to win change through issue campaigns and elections.

$158,000 Cost for ALS Treatment Called 'A Poster Child' for Unjust Drug Pricing

"The price of the newly approved drug combination Relyvrio to treat ALS," said one critic, "is yet another clear and powerful example of unjustified high prices set by drug companies that ultimately exploit patients."

Jake Johnson ·


Biden Takes 'Important First Step' With AI Bill of Rights Blueprint

While many experts welcomed the White House proposal to ensure automated systems don't erode civil liberties, others lamented the voluntary nature of what one tech writer called the "toothless" plan.

Brett Wilkins ·


Kenyan President Says 'Wind and Solar Energy Can Power the Development of Africa'

"Rather than trudging in the fossil fuel footsteps of those who went before, we can leapfrog this dirty energy and embrace the benefits of clean power," argues William Ruto.

Kenny Stancil ·


The Onion Files 'Masterfully Written' Amicus Brief in Support of Jailed Parodist

"As the globe's premier parodists, The Onion's writers also have a self-serving interest in preventing political authorities from imprisoning humorists."

Brett Wilkins ·


Jayapal Accuses Democratic Leaders of Botching Stock Trading Ban

"This should have been a no-brainer," said the Washington Democrat.

Julia Conley ·

Common Dreams Logo