Rent control policies may provide short-term relief to renters, however they come at the expense of long-term market stability and investment. By capping rent increases, governments risk stifling the supply of rental housing and deterring new investment, exacerbating housing shortages in already constrained markets. They also impair housing providers’ ability to maintain their properties, leading to a decline in housing and neighborhood quality. VAMA continues its advocacy alongside NAA with Congress and the Biden Administration to influence policy discussions and ensure the rental housing industry's perspective is represented.
The National Apartment Association (NAA) released the following statement in reference to President Biden’s federal rent control plan.
