July 2009, Dean Baker [updated June 2011]
This issue brief discusses a plan that would effectively deal with the mounting problem of home foreclosures in this country. The main point of the plan is that those who are facing foreclosure should have the option to remain in their home for a substantial period of time as renters. There are also numerous advantages in enacting Right to Rent legislation: it is simple, it can take effect immediately, it requires no taxpayer dollars, and it creates no new bureaucracy.
Press Release for Proposed Right-to-Rent Legislation Introduced in April 2010
See more about the Right to Rent