The Biden administration unveiled its Blueprint for Renter Bill of Rights and announced new actions to increase fairness in the rental market.
The administration also launched Resident-Centered Housing Challenge to improve the quality of life for renters.
More:
- The blueprint establishes principles for federal, state, and local bodies and the private sector to bolster tenant protections and encourage rental affordability.
- The FTC and CFPB will collect information on tenant background checks, the use of algorithms in tenant screening, and other principles that affect the rental market.
- The Federal Housing Finance Agency will launch a public process to examine proposed actions that promote renter protection and limit egregious rent increases for future investments.
- According to the blueprint, two million eviction filings and ~900,000 evictions happened annually before the pandemic.
