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  • Comment Detail

  • Date: 07/13/23
    First Name: Oliver
    Last Name: Slawson
    Email: oslawson@tulane.edu
    Organization Type: other
    Organization: Power

  • Comment

    35% of US residents are renters. This is over a third of the citizens of the US. I feel that most working class, or even middle class, people are substantially burdened by any rent hikes. If my landlord decided to increase mine, I would be trapped. Coming up with first and last month's rent is very difficult.

    The rent is too high. The Federal Housing Finance Agency should protect tenants by limiting annual rent hikes to 1.5 times the Consumer Price Index or 3%, whichever is lower, in properties with federally backed mortgages. These limits should be applied universally as a requirement to all federally backed mortgage programs.

    In addition to limits on rent hikes, the FHFA should prohibit evictions without good cause, ban source of income discrimination, enforce and expand existing protections against discrimination, require safe and accessible housing conditions, create a landlord registry, require fair and standardized leases, ensure tenants have the right to organize, and create an Office of Tenant Protections to enforce these rights in all properties with federally backed mortgages.

    Sincerely,
    Oliver