CREW Network proudly presents an enlightening virtual event featuring Sharon Wilson Géno, President of the National Multifamily Housing Council (NMHC), and Caitlin Sugrue Walter, Ph.D., Vice President of Research at NMHC. Together, they will dive deep into the evolving narrative of rent control, redefined as rent regulation, and unveil NMHC’s latest findings from their comprehensive rent control literature review, offering fresh perspectives on how rent regulation impacts both housing providers and residents.
Topics to be covered include:
Supply Reduction: Rent regulation often reduces the supply of available rental housing. By disincentivizing investment, these policies can lead to fewer new rental units being built, exacerbating housing shortages.
Mobility Barriers: Rent control can create barriers to mobility, trapping residents in units that no longer meet their needs and making it harder for new renters to find housing in regulated areas.
Disproportionate Benefits: The benefits of rent control tend to be skewed towards higher-income, older, and white residents. These groups are more likely to occupy rent-controlled units, leaving low-income and minority renters at a disadvantage.
Property Value Impact: Rent regulation significantly reduces the value of both regulated and nearby unregulated rental properties. This decrease in property value leads to lower real estate tax revenues, impacting local government budgets and services.
Unintended Consequences: Instead of addressing housing affordability, rent control can lead to higher rents in the uncontrolled market, poorer housing conditions due to lack of investment, and overall negative impacts on neighborhood quality and renter well-being.
This is your opportunity to engage with leading voices in the field, expand your understanding of rent control's implications, and empower your professional stance in the commercial real estate landscape. Join us to explore the data, debate the perceived benefits and drawbacks, and discover what the future holds for rent control policies. Register today!
Featuring:
Caitlin Sugrue Walter, Ph.D., is Vice President of Research, with primary responsibility for conducting NMHC's research on apartment industry trends. Prior to working at the Council, Caitlin was an analyst at a real estate advisory firm. Caitlin has a B.A. and B.S. (Planning and Public Policy, Criminal Justice) from Rutgers University. She also holds an M.A. in Urban and Regional Planning and a Ph.D. in Planning, Governance and Globalization with a concentration on metropolitan economies and development from Virginia Tech.
Sharon Wilson Géno is the president of NMHC with over 30 years of experience in the housing industry. Prior to her current role, she served as Executive Vice President and Chief Operating Officer of Volunteers of America National Services (VOANS), overseeing 240 properties and nearly 13,000 units in over 40 states.
Registration options
An email to access the webinar will be sent to all registrants prior to the webinar, and all registrants will receive a link to the recording following the program. Deadline to register is one hour before the webinar.
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