The plan calls on Congress to pass a law that would withdraw tax credits from landlords who raise rent by more than 5% annually. If passed, the plan would apply to about half of all rentals in the United States.
The median renter monthly housing costs in Dallas-Fort Worth is $1,472 per month, a significant increase from before the pandemic. Data from ApartmentList.com also shows that rents in Dallas and Fort Worth are up by over 20% since March 2020.