APARTMENT ADVOCATE
residents who benefit from these policies . Additionally , almost half of poll respondents incorrectly believe rent control only provides affordable housing to low- and moderate-income households .
In Conclusion
While the notion of rent control policies may appear as an appealing solution to housing affordability , it is critical to acknowledge their potentially counterproductive and damaging consequences . Rent control has been proven to negatively impact renters , housing providers and even entire communities . This research shows that rent control policies can inadvertently lead to reduced housing supply , lower property values and decreased quality of available properties . Additionally , rent control disincentivizes new construction , which could exacerbate the housing affordability crisis .
As we work towards long-term solutions for ensuring housing security across our nation , it is essential to consider the harmful impacts of rent control and develop alternative strategies that will promote affordability without compromising the stability and wellbeing of our communities . Policymakers must look beyond regulations and develop proactive strategies to provide affordable housing . Some of the ways policymakers can achieve this is by reducing barriers to new construction and rehabilitation , expanding tax policy that encourages multifamily investment and increasing investments in vouchers and program administration of the Section 8 Housing Choice Voucher Program . www . apartmentalize . naahq . org
www . aamdhq . org APRIL 2023 TRENDS | 45