NAHB Believes White House Rental Executive Action is Wrong Strategy
The White House today announced an executive action that it said is designed to "protect renters and promote rental affordability," but NAHB called this "the wrong strategy" to confront the nation's housing and rental affordability crisis.
In an official statement issued to the media in response to President Biden's executive action, NAHB Chairman Jerry Konter said: "While not as bad as it could have been, the White House rental executive action is the wrong strategy, centering on rental protections instead of market-based solutions that will truly ease the nation's housing and rental affordability crisis by spurring the production of badly needed affordable housing. Strengthening successful programs like the Low-Income Housing Tax Credit is the right way to proceed if we are to bring down rising home and rental prices."
Key items in the executive action include:
- The U.S. Department of Housing and Urban Development will publish a notice of proposed rulemaking that would require public housing authorities 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.
- The Federal Trade Commission and the Consumer Financial Protection Bureau will seek information on a broad range of practices that affect the rental market, including the creation and use of tenant background checks, the use of algorithms in tenant screenings, the provision of adverse action notices by landlords and property management companies, and how an applicant's source of income factors into housing decisions.
- The Federal Housing Finance Agency announced it will launch a new public process to examine proposed actions promoting renter protections and limits on egregious rent increases for future investments.
The White House also announced what it calls a "Blueprint for a Renters Bill of Rights" that, while not binding, seeks to offer enhanced protections for renters to make sure they are not evicted and also advocates for tenant organizing rights.
"While a key part of the Biden plan focuses on ensuring landlords help tenants who are behind in their rents, it is important to note that millions of small business multifamily property owners have already been working together with their tenants to keep them in their homes and make sure they are not evicted," said Konter. "And they were doing this during the height of the pandemic when renters were most vulnerable.
"If the administration is truly committed to help America's renters, it will champion solutions that will enable builders to construct more apartments and homes to reduce the nation’s deficit of 1.5 million housing units," he added.
Learn more about the LIHTC program and NAHB's efforts to address housing affordability, including the Creating Housing for All Toolkit.Latest from NAHBNow
Oct 22, 2025
NAHB Recommends Permitting Improvements to EPA and CorpsOn Oct. 16, NAHB met with political leadership from the Environmental Protection Agency (EPA) and U.S. Army Corps of Engineers (the Corps) to discuss the agencies’ regulatory priorities for 2026 and beyond.
Oct 21, 2025
Senate Panel Passes NAHB-Backed Forestry BillThe Senate, Agriculture, Nutrition and Forestry Committee today advanced the Fix Our Forest Act, NAHB-supported legislation that will contribute to better forest management practices, help strengthen the nation’s housing supply chain and promote affordable housing opportunities for all Americans.
Latest Economic News
Oct 20, 2025
Non-Conventional Financing for New Home Sales Loses Ground in 2024Nationwide, the share of non-conventional financing for new home sales accounted for 31% of the market per NAHB analysis of the 2024 Census Bureau Survey of Construction (SOC) data. This is 1.7 percentage point lower than the 2023 share of 32.4%. As in previous years, conventional financing dominated the market at 69.3% of sales, higher than the 2023 share of 67.6%.
Oct 17, 2025
Better Growth, Larger Deficits: CBO Fiscal OutlookThe Congressional Budget Office (CBO) is a key nonpartisan score keeper that measures the effects of policy changes by the Federal Government. With several policy changes since January of this year, including the One Big Beautiful Bill Act (OBBBA), stricter immigration, and higher tariffs, the CBO updated its economic projections through 2028.
Oct 16, 2025
Amid Market Challenges, Builder Expectations Rise in OctoberEven as builders continue to grapple with market and macroeconomic uncertainty, sentiment levels posted a solid gain in October as future sales expectations surpassed the 50-point breakeven mark for the first time since last January.