Add news
March 2010April 2010May 2010June 2010July 2010
August 2010
September 2010October 2010
November 2010
December 2010
January 2011
February 2011March 2011April 2011May 2011June 2011July 2011August 2011September 2011October 2011November 2011December 2011January 2012February 2012March 2012April 2012May 2012June 2012July 2012August 2012September 2012October 2012November 2012December 2012January 2013February 2013March 2013April 2013May 2013June 2013July 2013August 2013September 2013October 2013November 2013December 2013January 2014February 2014March 2014April 2014May 2014June 2014July 2014August 2014September 2014October 2014November 2014December 2014January 2015February 2015March 2015April 2015May 2015June 2015July 2015August 2015September 2015October 2015November 2015December 2015January 2016February 2016March 2016April 2016May 2016June 2016July 2016August 2016September 2016October 2016November 2016December 2016January 2017February 2017March 2017April 2017May 2017June 2017July 2017August 2017September 2017October 2017November 2017December 2017January 2018February 2018March 2018April 2018May 2018June 2018July 2018August 2018September 2018October 2018November 2018December 2018January 2019February 2019March 2019April 2019May 2019June 2019July 2019August 2019September 2019October 2019November 2019December 2019January 2020February 2020March 2020April 2020May 2020June 2020July 2020August 2020September 2020October 2020November 2020December 2020January 2021February 2021March 2021April 2021May 2021June 2021July 2021August 2021September 2021October 2021November 2021December 2021January 2022February 2022March 2022April 2022May 2022June 2022July 2022August 2022September 2022October 2022November 2022December 2022
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
News Every Day |

Tenants Demand Emergency Measures From White House as Rents Skyrocket

Tenants Demand Emergency Measures From White House as Rents Skyrocket

President Joe Biden spent much of 2022 facing Republican attacks over inflation and anxiety among Democrats who worried that working-class voters would turn against them in the midterms over the economy. For months, candidates and pundits waxed poetic about the rising price of everything from a gallon of gas or milk to a platter of crudité. But activists meeting with Biden administration officials and top Democrats in Congress this week say a massive budget item for millions of households did not get enough attention ahead of Election Day: Rent.

Historic rent increases over the past two years are a core driver of inflation, and the median cost of rent exceeded $2,000 per month for the first time ever in June. Corporate landlords raised prices in 2021 and saw soaring profits despite the COVID-19 pandemic, with one executive calling inflation an “extraordinary gift that keeps on giving.” Rent prices are still rising in 2022 after spiking last year, and eviction rates already reached pre-pandemic levels in cities across the country. In August, the U.S. Bureau of Labor Statistics clocked the highest annual rate of rent inflation in the past 35 years.

“As of now, the Biden administration is dangerously silent on the single biggest line item in Americans’ budgets: their rent,” said Tara Raghuveer, the director of the People’s Action Homes Guarantee Campaign, in a statement ahead of a meeting with stakeholders and White House officials on Monday.

Housing prices are finally showing signs of stabilizing, but experts say tenants will continue to feel the pain for months and even years to come, especially those who live on lower incomes and split housing costs with other necessities. Last week, the Federal Reserve further increased interest rates to combat inflation — a move which encourages prospective homebuyers to stay in rental units longer, compounding price pressure on an already-crunched rental market. The top 10 publicly traded apartment companies already raised housing costs for millions of tenants in fiscal year 2021 and saw their net incomes rise by 57 percent, or about $5 billion, according to Accountable.us.

Housing advocates are now calling on Biden to issue an emergency executive order to protect tenants and prevent the housing market from destabilizing the economy. An estimated 39 percent of households surveyed by the Census Bureau in early October said they were “very” or “somewhat likely” to be evicted by landlords within the next two months, up from about 35 percent in early April. These estimates are based on experimental federal survey data, but if the numbers are anything close to reality, then millions of renters are currently worried about eviction.

As winter and new COVID variants loom, the U.S. appears to be grappling with a desperate but slow-moving housing crisis. About 250 tenant-led organizations as well as housing justice and legal support groups are backing a draft executive order presented to administration officials in Washington, D.C. this week. If signed by the president, the draft order would declare a national “housing emergency.”

“Inflation doesn’t just hurt at the gas pump,” said Mary Osborne, a tenant leader with Rights and Democracy New Hampshire, in a statement. “We need the White House to take immediate action to address sky-high rents that are costing families their homes.”

The coalition’s draft executive order calls for a “whole-of-government” approach to housing policy, including an interagency council on “tenants’ rights” made up by Biden’s cabinet, top housing officials and three tenant representatives. With nearly twice as many Latinx and Black families living in rental properties than white families, housing justice groups are determined to bring those who are traditionally underrepresented in government to the federal policy table.

“The Federal Housing Finance Agency should establish rent increase regulations for tenants who live in properties with federally backed mortgages,” Raghuveer said in an email to Truthout. “If our government is in the business of financing and subsidizing privately-owned housing, public money should be leveraged to secure tenant protections.”

Biden is currently traveling abroad, and the White House said that Domestic Policy Advisor Susan Rice, National Economic Council Director Brian Deese, and American Rescue Plan Coordinator Gene Sperling convened a meeting on Monday with administration officials and more than 70 tenant leaders. In a statement, White House officials said they underscored their commitment to enforcing the Fair Housing Act, and discussed “the need for clear and fair leases, the importance of tenants being able to live free from retaliation or interference from landlords, and tenants’ right to organize without fear.” Institutionalizing eviction diversion programs was also discussed during the meeting, but the White House did not say whether Biden would declare a housing emergency or issue an executive order.

The draft executive order lists a number of policy proposals for the administration, including the creation of a national database tracking landlords and property owners as well as evictions, rental prices and building code violations. The idea is to give both federal policymakers and the public access to crucial information about a national housing market that is increasingly shaped by corporations and Wall Street rather than smaller players at the local level. The order would also direct the Federal Trade Commission to investigate rent-gouging practices that “constitute unfair and deceptive practices as well as anticompetitive practices that inhibit market power.”

“Signing this executive order is the clearest way that the president can fight inflation and take on the corporate landlords who are rent-gouging poor and middle-income families,” Raghuveer said.

Sen. Elizabeth Warren is investigating private equity-backed firms for their alleged role in raising housing prices for both renters and buyers, and advocates said they would hold a briefing with Warren and other members of Congress later this week. Congress could pass legislation to protect renters that would go further than the proposals in the draft executive order presented to the White House, but it would be difficult to pass in the evenly divided Senate.

With Republicans expected to win a House majority in the next Congress, any protections for renters would most likely come through actions taken by federal agencies such as the Department of Housing and Urban Development, under the direction of Biden and the White House.









Read also

'Always selling us a lie': Tech journalist buries Elon Musk in brutal takedown

HSBC Malta direct shareholding transferred to HSBC's French subsidiary

Verdict reached in first Capitol riot conspiracy trial


News, articles, comments, with a minute-by-minute update, now on Today24.pro

News Every Day

One of The Greatest Britons in History - Joe Calzaghe

Today24.pro — latest news 24/7. You can add your news instantly now — here


News Every Day

I make $1,000 a month by promoting Amazon products on social media. It only takes 5 hours per week — here's how I set up my side hustle.



Sports today


Новости тенниса
ATP

Казахстанский теннисист совершил взлет в рейтинге ATP



Спорт в России и мире
Москва

Лыжи, джунгли и живая сталь. Мосинжпроект проектирует пространство на Урале


Загрузка...

All sports news today




Загрузка...

Sports in Russia today

Москва

Viasat начинает производство спортивного ориджинал


Новости России

Game News

TikTok roleplayers have made a viral game out of trading with capitalism cats


Russian.city


Новости 24 часа

Отказ Азербайджана предоставить Нагорному Карабаху (Арцаху) статус дает нам сильный юридический и политический инструментарий – бывший глава МИД Армении Осканян


Губернаторы России
Выставка

Выставка иллюстраций Алексея Дмитриева к повести «Собачье сердце» пройдет в Горно-Алтайске


Невролог рассказала, когда при головной боли необходимо вызывать «скорую»

Авиарейсы в Архангельск с 1 мая будут приниматься на запасном аэропорте

Фальсификация по-азербайджански: мишени - Армения и Иран

Невролог рассказала, когда при головной боли необходимо вызывать скорую


Певица Татьяна Котова: "Я долгие годы боролась с фобией..."

Художник Сафронов поделился своими догадками о причинах смерти Градского

Назначен новый директор Вятской филармонии имени Петра Чайковского

Волочкова планирует судиться с петербургскими коммунальщиками из-за протечки в крыше


Канада впервые выиграла "Кубок Дэвиса", в федерации тенниса Польши скандал. Главные события минувшей недели

Кукушкин взлетел вверх в рейтинге ATP

Пресс-служба ATP опубликовала подборку лучших матчей сезона-2022 на турнирах ATP

Жиль Симон: Гаске пророчили первое место в рейтинге на долгие годы, после этого французы всегда был недовольные его результатами



SUNLIGHT расширил сеть до 500 магазинов

Творческие коллективы Химок стали лауреатами конкурса «МиР — Музыка и Развитие»

Снять Художественный фильм.

Жители Перми начали писать письма Деду Морозу


Басков, Николаев и SHAMAN выступят на новогодних огоньках по российскому ТВ

Дарья Донцова написала мультик для внука

Президент Казахстана Токаев прибыл в Москву на переговоры с Путиным

В Казани объявили победителей регионального отборочного тура Всероссийского культурно-благотворительного фестиваля «Добрая волна»


Деградационные процессы в конструкциях моста через Клязьму на обходе Владимира остановлены

Звезда «Курьера» Федор Дунаевский разводится с женой после 17 лет брака

Bloomberg: ЕС рассматривает снижение "потолка" цен на российскую нефть

Совфед одобрил закон об охране интеллектуальной собственности



Путин в России и мире







Персональные новости
Russian.city

Карди Би

Карди Би нашла в сериале «Корона» общую для всех женщин проблему



News Every Day

One of The Greatest Britons in History - Joe Calzaghe




Friends of Today24


Загрузка...
Музыкальные новости

Персональные новости
Moscow.media