Biden Administration Announces Actions to Increase ‘Fairness in Rental Market,’ Including HUD Planned Advance Notice on Lease Termination Regulations

Wednesday, January 25, 2023 - 10:00AM

The Biden administration today announced actions to increase fairness in the rental market and fair housing, as well as issuing a Blueprint for a Renters Bill of Rights. Among the actions are that the U.S. Department of Housing and Urban Development (HUD) will publish a notice of proposed rulemaking to require public housing authorities (PHAs) and owners of project-based rental assistance properties to provide at least 30 days’ advanced notice before terminating a lease due to nonpayment of rent. Other actions include that the Federal Trade Commission (FTC) and Consumer Financial Protection Bureau (CFPB) will collect information to identify practices that unfairly prevent applicants and tenants from accessing or staying in housing and will use that information to inform enforcement and policy actions; the CFPB and FTC will work to ensure accurate information for credit reporting and hold background reporting agencies accountable for unreasonable procedures; and the Federal Housing Finance Agency (FHFA) will launch a public process to examine proposals to promote renter protection and limit “egregious rent increase” for future investments.

Novogradac’s Public Housing Authority practice includes experts in guiding PHAs through various program guidelines, while identifying and correcting compliance issues.

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