Overview

• The proposal targets landlords with over 50 units, covering an estimated 20 million rental units.
• Landlords who exceed the 5% cap could lose federal tax breaks under the plan.
• The initiative seeks to address housing affordability but faces criticism for potentially worsening housing shortages.
• Opponents argue that rent control could reduce the quality and availability of rental housing.
• The plan includes measures to use underutilized federal land for new housing developments.