There Is No Debate. Rent Caps Hurt Renters and Communities

NAA, HSC stand strong for industry as Biden mentions capping rents.

By Nicole Ryan |

1 minute read

During the first 2024 presidential debate, President Biden continued his harmful rhetoric against the rental housing industry. In the opening minutes, Biden touched upon housing prices and commented that "We're going to make sure we reduce the price of housing. We're going to build 2 million new units. We're going to cap rents so corporate greed can't take over."

In response, the National Apartment Association (NAA) released the following statement as part of the Housing Solutions Coalition.

"Decades of academic research from across the United States and around the world clearly show that rent caps more commonly known as rent control – reduce the supply of available housing and fail to target those renters who need help the most while simultaneously harming other residents and the communities they reside in. Despite President Biden's mention of rent caps during the debate, he and his policy experts know that the real reason so many Americans struggle with housing costs is because we need to build more housing. There is no debate. Rent caps hurt renters and communities."  

To see NAA’s previous response to the President’s hostile rhetoric, review the statement.

For more information about solutions to address the housing shortage, visit