Legislative Update - July 27, 2023

Legislative Updates,

Help NAA Stop Federal Rent Control
On May 30, the Federal Housing Finance Agency (FHFA) issued a Request for Input on tenant protections. This exercise could result in the adoption of a range of negative policies including national rent control, a “source of income” mandate requiring acceptance of Section 8 vouchers, just cause eviction requirements that effectively prohibit nonrenewals, and extended notice procedures for residents in federally-backed properties, to name a few. As the FHFA considers expanding federal landlord and tenant requirements on Fannie Mae and Freddie Mac-backed properties, it is essential that members of the rental housing industry provide perspective about your business practices. The deadline to submit comments is July 31. Take action TODAY! 

Reminder: Help SCRHA Gather Important Data
SCRHA continues to track the impacts of COVID-19 policies on the rental housing industry. The introduction of overreaching regulation continues despite the pandemic being over. Your insights and opinions are invaluable in helping us understand the current landscape and sharing that with elected officials. Take Survey!