“The coalition highlights that a lease is a contractual agreement between housing providers and their residents, and that there are already myriad state and local laws and regulations placed on lease terms, eviction proceedings, and housing provider responsibilities,” says Stackley in the press release. “Adding an additional layer of federal policy to this system would both unnecessarily complicate it even further and disincentivize people from entering the rental housing market at a critical time. However, there are viable steps the federal government can take to improve the rental housing landscape, including incentivizing voluntary participation in federal affordable housing programs, improving federally-assisted housing programs, and continuing to support Fannie Mae and Freddie Mac’s investment in affordable rental housing and equitable access to housing in all markets.”
The NAR and the housing provider coalition plan to continue to work with the Administration to develop policies that further its goals to increase the supply of affordable housing in the U.S. without creating unnecessary barriers for housing providers.