REPORT ON EFFECT OF RENT CONTROL ON HOMELESSNESS.

SEC. 483. REPORT ON EFFECT OF RENT CONTROL ON HOMELESSNESS. (a) In General.— The Secretary of Housing and Urban Development shall submit to the Congress a report evaluating the impact of local housing rent controls and regulations on the rate of homelessness, and on the development, supply, availability, and affordability of housing, in major cities in the United States. (b) Specific Requirements.— The report required in this section shall include— (1) a listing of localities that have housing rent controls or regulations, the nature and extent of such controls or regulations, and an assessment of the variance of such controls or regulations among localities; (2) an evaluation of the impact of such controls or regulations on the development, supply, and growth of affordable rental housing for lower income families, including an accounting of102 STAT. 3239 any increase or decrease in the supply of rental units that has occurred during the period of such controls or regulations; (3) an evaluation of the benefits and effectiveness of such controls or regulations in ensuring affordable rents for lower income families; (4) an evaluation of the relationship between the existence of such controls or regulations and Federal subsidized housing assistance in the locality, including whether such controls or regulations necessitate more or less Federal housing aid; (5) an evaluation of the impact on the resident population of removing such controls or regulations, including an assessment of potential rent increases on lower income residents, the options available to localities to mitigate any such increases, the potential increased demand for Federal subsidized housing assistance, and the impact on fair market rents in the locality; (6) an evaluation of the effect of such controls or regulations on commercial and nonrental housing development in the locality; (7) a demographic review of the income levels of the population in controlled or regulated units; (8) an evaluation of the effect of such controls or regulations on the quality of controlled or regulated units; (9) an evaluation of compliance with such controls or regulations by owners, management, and residents of controlled or regulated units; (10) an evaluation of the administration and enforcement of such controls or regulations by local officials; (11) an evaluation of the impact of factors other than rent controls or regulations that affect the development of affordable housing in the locality, (12) a comparison to other localities that have not instituted such controls or regulations on the supply, development, availability, and affordability of rental housing; and (13) any other related issue the Secretary of Housing and Urban Development determines to be of interest or significance. (c) Deadline.— The Secretary of Housing and Urban Development shall submit the report required in this section within 12 months after the date of the enactment of this Act.