US to cap rent raise for some affordable housing units, Washington Post reports
- Country:
- United States
The administration of U.S. President Joe Biden will soon announce a new cap on how much rents can go up in certain affordable housing units that are subsidized by the federal government, the Washington Post reported on Friday, citing officials.
Under new regulations to be announced on Monday, yearly rent increases will be capped at 10%, the newspaper reported.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
Advertisement