ARLINGTON, Va.,
July 12,
2024 /PRNewswire/ -- The National Apartment
Association (NAA) released the following statement in response to
President Biden announcing a 5% corporate rent cap should he be
reelected this November:
We need leaders to stop playing politics
with our housing supply.
"Implying that rent control will solve the nation's housing
crisis is the easy way out. Rent caps, more commonly known as
rent control, are failed policies that don't work – research has
shown it, the lack of affordability in rent-controlled
jurisdictions reinforces it and statements from countless
economists across generations and the political spectrum are
crystal clear.
"We need leaders to stop playing politics with our housing
supply. Despite President Biden's prominent and direct attacks on
the rental housing industry, the National Apartment Association and
our 97,000 members continue to put in the work to house America's
40 million renters, build communities at all price points and fight
for policies that ensure we have enough housing for generations to
come."
About NAA
The National Apartment Association (NAA) serves as the leading
voice and preeminent resource through advocacy, education, and
collaboration on behalf of the rental housing industry. As a
federation of 141 state, local and global affiliates, NAA
encompasses nearly 97,000 members representing more than 12 million
apartment homes globally. NAA believes that rental housing is a
valuable partner in every community that emphasizes integrity,
accountability, collaboration, community responsibility,
inclusivity, and innovation. To learn more,
visit www.naahq.org.
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SOURCE National Apartment Association