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White House using one-size-fits-all plan to protect renters at landlords' expense: 'Very frustrating'
White House taking on landlords, rent prices
FOX Business’ Grady Trimble reports on the White House’s efforts to restrict rent price hikes, among other efforts to protect renters.
The White House announced Wednesday it is taking strategic steps to protect renters, including setting up limits on egregious rate hikes. Critics, however, have called out the Biden administration's one-size-fits-all program that makes changes for renters at the expense of landlords.
"We've seen it for so many years, and it's very frustrating," American Apartment Owners Association director Alexandra Alvarado said during Grady Trimble's report on "The Big Money Show" Wednesday.
"[Mom-and-pop landlords] are not being treated differently, even though it affects them much more than it would affect any large company with thousands of units. They have room for it. Landlords that have a few units don't."
In addition to limits on "egregious" rate hikes, the White House addressed several actions it plans to take in its commitment to renters. The actions include collecting information on how tenants are screened, updating guidelines on anti-competitive information sharing among landlords and providing legal help to tenants who are evicted.
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