Press Release News
Biden-Harris Administration And Fudge To Take Action On Junk Fees In Rental Housing
Millions of consumers are provided with better information about fees by online rental search platforms.
Washington- An announcement was made by President Biden and the Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge regarding new commitments by the biggest rental housing search platforms to increase the transparency of housing fees. HUD also released new research highlighting and summarizing state and local innovation to address junk fees. Rising rental fees exacerbate financial strains for renters, as many already dedicate a significant portion of their income to rent because of nationwide housing shortages.
Secretary Fudge penned an open letter to the housing industry on March 8, 2023, for taking action on junk fees faced by renters and collaborating with Biden to eliminate the hidden fees or charges across the economy. These junk fees tend to weaken the market competition, raise costs for consumers, and hit vulnerable Americans the most.
HUD’s Secretary Marcia L. Fudge said, “Too often, renters are hit with unexpected fees on top of their rent. Today’s announcement shows the Biden-Harris Administration’s commitment to lower costs for renters and build a fairer, more transparent rental housing marketplace.”
This fee is a serious burden on renters. As renters apply for multiple housing units when searching for a house, these fees can add up to hundreds of dollars.
Zillow, Apartments.com, and AffordableHousing.com are the three largest online rental platforms that answered the call today and announced to provide new tools to help renters determine the price of a desired unit and do the comparison.
Besides this, HUD’s Office of Policy Development and Research released a new brief bringing to light the state, local, and private sector strategies to encourage transparency in the rental market such as actions to reign in unfair application fees and limit deposits at the time of move-in and lease signing.
HUD along with the Biden administration will continue to look for opportunities to improve practices in the rental housing market.
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Department of Housing and Urban Development. “Biden-Harris Administration and Secretary Fudge Take on Junk Fees in Rental Housing”. Department of Housing and Urban Development, July 19, 2023,
Biden-Harris Administration and Secretary Fudge Take on Junk Fees in Rental Housing | HUD.gov / U.S. Department of Housing and Urban Development (HUD)
Last Updated: September 20, 2021