Comment Detail
Date: 07/31/23 First Name: Maggie Last Name: Akins Email: maggieakins110@gmail.com Organization Type: N/A Organization: KY Tenants Comment
The exorbitant rental rates must be addressed. The Federal Housing Finance Agency ought to safeguard tenants by capping annual rent increases at 1.5 times the Consumer Price Index or 3%, whichever is lower, for properties with federally backed mortgages. These limits should be universally applied to all federally backed mortgage programs.
Additionally, apart from rent restrictions, the FHFA should forbid evictions without valid reasons, eliminate income-based discrimination, strengthen and expand current anti-discrimination measures, mandate safe and accessible housing conditions, establish a landlord registry, require fair and standardized leases, protect tenants' right to organize, and establish an Office of Tenant Protections to enforce these rights for all properties with federally backed mortgages.
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