The Progressive

NewsWire

A project of Common Dreams

For Immediate Release

Groundwork’s Dr. Rakeen Mabud on Biden Admin’s Housing Actions: “An important step to check the greed of landlords”

Today, the Biden Administration announced new efforts to lower rents and address housing affordability by proposing a cap on rent increases and investing in housing development. Groundwork’s Chief Economist Dr. Rakeen Mabud applauded the action with the following statement:

“Across the country, tenants are being gouged by landlords who are exploiting a housing shortage to profit off of families' basic need for shelter. With today's announcement, the Biden Administration has answered the call from tenants and taken an important step to check the greed of landlords and give families some breathing room.”

The Groundwork Collaborative is dedicated to advancing a coherent and persuasive progressive economic worldview and narrative capable of delivering meaningful opportunity and prosperity for everyone. Our work is driven by a core guiding principle: We are the economy. Groundwork Collaborative envisions an economic system that produces strong, broadly shared prosperity and power for all people, not just a wealthy few.