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Updated almost 5 years ago on . Most recent reply
Ihan Omar's free rent bill
From what I've seen on youtube, the bill contains the following:
1- Free rent for all tenants across the US regardless of income for a year
2- Landlords can file for Government assistance which comes with the following conditions
a- No raising of rent for 5 years
b- Government gets first right of refusal if you sell your property within 5 years
c- You can't discriminate based on criminal background or credit on new tenants
d- Something about the tenant getting 10% interest in your property
e- You must accept applications from S8 tenants
3- The Feds will give money to local governments to help them buy up properties to convert to low income housing
This bill has little chances of passing but if what I read is true, this mindset is terrifying. (don't take any of the above as gospel, it is what I've "heard" on youtube)
Most Popular Reply
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That's about as far of an over reach as I could imagine in my worst nightmares. I think this has "0" percent chance of being voted into law. It would essentially be establishing nationalized housing. (and property owners getting their assets ripped out of their hands.)