Protecting Consumers from Housing Price Gouging During Affordability Crises.
This law allows the government to temporarily prohibit excessive price increases for residential rentals and single-family home sales during declared affordable housing crises. It aims to shield citizens from exploitation during market difficulties by sellers and lessors. Furthermore, it establishes new oversight of large institutional investors and mandates the identification of unfair tenant screening practices.
Key points
Establishes a temporary ban on "unconscionably excessive" rental and single-family home sale prices during officially declared affordable housing crises.
Creates a dedicated unit within HUD to monitor the housing market, investigate price manipulation, and track large institutional investor purchases of single-family homes.
Requires federal agencies to identify and report on unfair tenant screening practices, including the use of algorithms and background checks, to improve housing access.
Expired
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