The Biden administration is now pushing a new bill “Renters Bill of Rights” that will protect the renters, specifically low-income families, in the country.
Blue Print of “Renters Bill of Rights”
Millions of Americans across the country faced house eviction during the pandemic. This was one of the biggest concerns and issues that the Biden administration tried to solve during the wake of the pandemic because millions lost their job and could no longer pay for their house rentals.
On Wednesday, the Biden administration announced the blueprint of the “Renters Bill of Rights,” The newly proposed bill intends to protect renters across the country to curb practices that prevent people from accessing housing and curtailing exorbitant rent increases in certain properties with government-backed mortgages, according to a report published in CNBC News.
Moreover, the bill also emphasized giving renters “access to safe, quality, accessible and affordable housing” and “clear and fair leases,” Diane Yentel, president and CEO of the National Low Income Housing Coalition, said, “Having the federal government and the White House talk about the need for and endorse a renters’ bill of rights is really significant.”
Millions Will Benefit from the “Renters Bill of Rights”
If the bill passes and is signed into law, it will benefit millions of American families across the country. According to the White House, 44 million households or around 35% of the U.S. population are living in rental housing. Likewise, nearly half of these renters spent more than 30 % of their income to rent and other utilities each month.
Furthermore, the U.S. Department of Housing and Urban Development also said that this bill will also require the rental property owners to provide at least 30 days’ notice before they plan to terminate the lease due to nonpayment of rent.