Today, in the midst of historically high housing costs, Westchester Congressman Jamaal Bowman Ed.D and Massachusetts Senator Elizabeth Warren led a bicameral letter urging President Biden to pursue all possible strategies to address rent inflation, 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.
“My community is being crushed by the burden of high prices and wages that can’t keep pace. Meanwhile, corporate landlords and other profit-driven companies are bringing in record profits. People simply cannot afford to live anymore,” said Rep. Bowman Ed.D. “We must pursue all options on the table that will help renters stay housed in the short-term, while also continuing to collaborate on efforts to realize long-term investments in our nation’s affordable and decommodified housing supply. I look forward to working with the Biden Administration to implement the policies outlined in our bicameral letter and do everything in our collective power to keep renters housed.”
“The cost of rent for Americans is simply too high. In addition to making robust investments to address the housing shortage, we must use all our tools to protect tenants and reverse consolidation in the housing market that has given corporations unchecked power to inflate rents,” said Senator Elizabeth Warren (D-MA). “This is why Rep. Bowman and I are encouraging the Biden Administration to make use of these tools and adopt a whole-of-government approach to address the housing crisis in America.”
The letter, which was signed by 50 members of Congress, can be read at the link below.
https://bowman.house.gov/_cache/files/9/7/97843cbc-7540-41e1-bcb5-3f56e93b4b1b/725554DDDCB60C25457119DDEBB0328F.letter-to-biden-admin-on-rent-inflation-warren-bowman-01092023.pdf