White House’s Impact on the Rental Housing Industry

Last year, the rental housing industry was rocked with the announcement of the proposed Renters’ Bill of Rights. The White House took aim at the rental housing industry by introducing policies that add more unnecessary regulations to owners/operators. NAA’s President and CEO, Bob Pinnegar, participated in a Housing Provider Listening Session and expressed his concerns. He stated that “creating artificial confusion by overlaying a federal bill of rights over state and local laws and the leasing contract itself will drive providers from the industry and further hurt affordability and renters.”  He went on to discuss how every branch of government controls rental housing. While the White House is focused on supporting renters and their “rights”, they are neglecting the needs and struggles rental housing providers face.