Weeks after Biden proposed several housing initiatives ahead of his State of the Union address, the administration is set to announce a new cap on how much rents can go up in certain affordable housing units that are subsidized by the federal government. It has been met with mixed reviews. Some say this will discourage new development while others believe it will have little effect since not many units are eligible for double-digit rent increases.

https://www.washingtonpost.com/business/2024/03/29/biden-rent-housing/