LOS ANGELES — On Tuesday, the White House announced a new plan from President Joe Biden to lower housing costs.

It includes calling on Congress to pass legislation giving corporate landlords a choice to either cap rent increases on existing units at 5% or risk losing current valuable federal tax breaks.

Renters such as Jorgel Chavez say this is promising as ownership becomes more out of reach for many Angelenos. But landlords and those who help manage properties say national rent control adds too many layers of regulations.