MBA’s President and CEO Bob Broeksmit, CMB, released the following statement on the Biden Administration’s action items announcement today on rental tenant protections and affordability:

“MBA shares the Biden administration’s commitment to fair and equitable rental housing opportunity and appreciates its willingness to work with us and other industry stakeholders to help tenants.

“We echo the Administration’s concern on the inflationary pressures and persistent affordability challenges that are impacting households throughout the country, especially renters and those with low and moderate incomes.

“Increasing the supply of affordable rental housing is the best way to solve the ongoing affordability crisis, and MBA is committed to working with the Administration, Congress, and other policymakers on safe and sound policies at the federal and state level that encourage development and keep financing and construction costs in check.

“We will examine the Administration’s actions in greater detail and participate in a constructive and collaborative approach to help tenants and increase safe and affordable multifamily housing.”