“People simply cannot afford to live anymore,” said Rep. Jamaal Bowman in a letter he and Sen. Elizabeth Warren have spearheaded urging Biden to address the extortionate increase in rents.
Rep. Jamaal Bowman speaks at the National Action Network’s three-day annual national convention on April 7, 2022, in New York City.A group of 50 Democrats has urged President Joe Biden to take aggressive action to ensure that renters are able to stay housed as rent and house prices have soared across the U.S. with little to no mitigation in recent years, creating a major housing crisis with no end in sight.
“In the absence of robust investments in fair and affordable housing, it is clear that additional timely executive action is needed to address the urgent issue of historically high rental costs and housing instability,” the lawmakers wrote. “With this in mind, we urge your Administration to pursue all possible strategies to end corporate price gouging in the real estate sector and ensure that renters and people experiencing homelessness across this country are stably housed this winter.
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