(Bloomberg) -- Elizabeth Warren unveiled proposals Monday aimed at strengthening tenants’ rights and depressing rents, promising that her administration would withhold federal funding from landlords who violated the new standards.
The 2020 Democratic presidential contender said she’d create a federal Tenant Protection Bureau, modeled after the Consumer Financial Protection Bureau, a key component of the 2010 Wall Street overhaul legislation that she advocated.
Warren said her administration would provide a nationwide right-to-counsel and establish a federal grant program aimed at benefiting low-income tenants facing eviction.
“Tenants that organize to take on bad landlords are up against a massive power imbalance,” Warren wrote in a Medium post Monday. “I’ll fight to put power back where it belongs: with tenants, not big corporate landlords.”
Warren promised to withhold federal funding from corporate landlords with a history of “harassing” or red-lining tenants and to direct the Federal Housing Administration to deny all financial support to landlords that violate tenants’ rights. Corporate landlords would be required to publicly disclose data like median rent, the number of tenants they’ve evicted and building code violations, as well as the names of any individuals with an ownership interest of 25% or more.