In January, the government passed the Affordable Housing Act. This law is designed to help low-income Americans by establishing a maximum amount a household can pay in rent in cities with populations over 500,000.

Question

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By establishing a maximum amount that households can pay in rent, the law sets a price ceiling. This may lead to a shortage of rental units as landlords may not be willing or able to provide housing at that price.

In January, the Government Passed the Affordable Housing Act